'Minister wrong in saying govt can't force banks to provide loan moratorium'

'Minister wrong in saying govt can't force banks to provide loan moratorium' - Hello loyal readers FeedGoogle, In the article you are reading this time with the title 'Minister wrong in saying govt can't force banks to provide loan moratorium', We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Finance Minister Tengku Zafrul Abdul Aziz was wrong to assert that the government has no legal power to compel banks to offer borrowers a blanket moratorium on loan repayments, according to the lawyer Mohamed Haniff Khatri Abdulla.With the state of emergency still in force, Haniff (above) said the government merely has to enact an emergency ordinance that would give it the power to enact the emergency ordinance.He noted that by wielding its emergency powers, the government has already suspended parliamentary proceedings, approved expenditures without tabling them in Parliament and allowed itself to seize private property, if needed, to help control the Covid-19 pandemic.“All these are allowed, even though they appear to be wrong. Of course, there is no check-and-balance, but these actions are allowed under the state of emergency.“So, it is completely false for him (Tengku Zafr…