Yes to RM1,000 welfare aid but extend loan moratorium too, says DAP

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Former finance minister and DAP secretary-general Lim Guan Eng.PETALING JAYA: The DAP has backed Prime Minister Muhyiddin Yassin’s proposal to increase the Social Welfare Department’s monthly aid for the poor to RM1,000. It has also urged the government to extend the moratorium on loan repayments by another six months. In a statement, the party’s secretary-general Lim Guan Eng said Covid-19 had made it necessary to borrow more money to lift Malaysia out of a recession. Malaysia, he said, was the worst performing country in the region, experiencing a 17.1% gross domestic product (GDP) contraction in the 2nd quarter and a high unemployment rate of 4.9% or 773,200 unemployed in June. This, he said, would likely see the number of welfare recipients swell to one million from 500,000 in 2018 when unemployment was only 3.4%. In this scenario, increasing the aid to RM1,000 from the current…