Extend loan moratorium by 6 months under Budget 2021, says Mata

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About 3.6 million workers in the tourism sector are unemployed. (Bernama pic)KUALA LUMPUR: The Malaysian Association Tour Agency (Mata) has recommended that the government extend the loan moratorium period for at least another six months in the Budget 2021, which will be tabled next week.Its president, Mohd Khalid Harun, said the move would give industry players the chance to restructure their company’s finances following the implementation of the movement control order (MCO), which to date is still being enforced, as some states have been placed under conditional and enhanced MCO.“For example, travel agencies will have the opportunity to focus on marketing tourist destinations while tour bus operators will be able to continue paying the instalments to stop financial institutions from repossessing their vehicles.“Bear in mind that as long as the country’s borders are not opene…