Don’t abdicate responsibility, make banks extend loan moratorium, MTUC tells BNM

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MTUC says the finance ministry and Bank Negara Malaysia should stop making excuses for the banks.PETALING JAYA: MTUC today called on the finance ministry and Bank Negara Malaysia (BNM) to use their clout to ensure banks extend the moratorium on housing and vehicle loans by at least another six months. Its secretary-general J Solomon said this should be done especially for the targeted group of workers who were still unable to service the loans, including many of the 800,000 workers who have lost their jobs since April and thousands more forced to take pay cuts or go on unpaid leave. Solomon urged the ministry and BNM to stop making excuses for the banks, which had been making huge profits in the past, and to side with the workers. If needed, he said, the Prime Minister’s Office should step in. “For banks to adopt a ‘business as usual’ attitude and expect workers who are still mir…