Have a heart and help struggling businesses, banks told

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Ameer Ali Mydin says the tourism, retail, and events sectors need help and banks should offer them a six-month moratorium on loans. FMTNews Economy

Ameer Ali Mydin says if banks which were still making enormous profits refused to help, then the government must instruct them to do so.

Ameer, who is an adviser to a loose group of 131 business associations called “Business Survival Group”, said loan moratoriums for the three sectors should be automatic. “It’s not just the difficulty in getting a moratorium, businesses in these sectors are also telling us that banks are reducing their facilities and increasing their spread from 1.5% to 2%.

 

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Ko kne kurangkn sewa retail y ada dkt mydin tu, kesian diorg nk meniaga, terjejas sbb covid

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