29 Jun 2021 / 09:54 H. pix is for illustration purposes only
PETALING JAYA: The Small & Medium Enterprises Association (Samenta) has welcomed the RM150 billion Economic Recovery and People’s Protection Package (Pemulih) but pointed out that it will only provide temporary relief.
Its Policy and Government Relations chairman, Datuk William Ng, congratulated the government for allowing a six-month loan moratorium for all individuals and micro-enterprises.
However, he urged the government to extend this moratorium automatically to all SMEs, instead of leaving it to the banks to decide on a “case-to-case” basis.
“SMEs continue to have problems getting moratorium, as banks view missed payments negatively, resulting in many SMEs being told they are not eligible, before they can even submit their requests formally,” he said in a statement yesterday.
SMEs request for automatic six-month loan moratorium approval
malaysiakini.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysiakini.com Daily Mail and Mail on Sunday newspapers.
Federation of Malaysian Freight Forwarders supports lockdown, albeit targeted to curb Covid-19 cases | Malaysia
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.