MTUC calls for extension of moratorium for loans

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The Malaysian Trades Union Congress says more than 800,000 people have lost their jobs since the beginning of the year.PETALING JAYA: The Malaysian Trades Union Congress (MTUC) has urged Putrajaya to extend the six-month moratorium for loans for the B40 and M40 groups, saying they have been the most affected by the recent economic downturn. “They need an additional six-month respite as clearly, the country needs at least that much time and well beyond to get the economy ticking again, while waiting to go full throttle once the Covid-19 vaccine makes it to our shores,” MTUC secretary-general J Solomon said in a statement. He also urged Prime Minister Muhyiddin Yassin or Finance Minister Tengku Zafrul Aziz to state clearly whether or not the moratorium would be extended. The moratorium , introduced on April 1, will end on Sept 30. Tengku Zafrul previously said the government would e…