Zafrul: New Covid law to be similar to that of NZ, Singapore

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The Covid-19 Bill, which the government plans to introduce soon, will be similar to what has been implemented and announced in countries like New Zealand and Singapore, says Finance Minister Tengku Zafrul Aziz. “This new law will be discussed in the cabinet and be brought to Parliament soon. “It is an interim relief measure that aims to help Malaysians,” he said in TV3’s programme Money Matters today while declining to elaborate further. Commenting on the possibility of an extension of the loan moratorium, which ends on Sept 30, he advised banks and customers to engage with each other. Being a former banker, he acknowledged the challenges faced by banks but noted that the people and small and medium-sized enterprises (SMEs) were also facing their own set of challenges such as disrupted cashflows and unemployment. “I think it is important that banks look at the segment of people and…