An automatic loan moratorium is a matter of 'life or death', says their spokesman Ahmad Yazid Othman.
A coalition of Malay-Muslim NGOs is the latest to urge the federal government to direct financial institutions including lending and credit firms to offer a loan moratorium for B40 and M40 borrowers.
In a joint statement today involving 28 NGOs, the coalition, led by the Malay Chambers of Commerce Malaysia , said an automatic loan moratorium would be a lifeline for groups that are affected by the current Covid-19 pandemic.
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