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Moratorium a win-win solution for both sides July 1, 2021 KUALA LUMPUR – The six-month moratorium on bank loan repayments announced by Prime Minister Tan Sri Muhyiddin Yassin under the National People’s Well-Being and Economic Recovery Package (PEMULIH) last Monday was expected to be the most awaited news, especially by borrowers whose income is affected by the implementation of the Movement Control Order (MCO) since March last year to curb the spread of COVID-19. However, hardly 24 hours after the announcement, some quarters expressed their dissatisfaction and confusion on the matter, especially after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz clarified that the moratorium would not be interest free.

Kuala lumpurMuhyiddin yassinAnuar shah bali mahomedBerhad maybankZafrul abdul azizMovement control orderPublic bank groupNational peopleSchool of businessPrime minister tan sri muhyiddin yassinEconomic recovery packageGross domestic productUniversiti putra malaysiaAssociate prof dr anuar shah baliMalayan banking berhadகுவாலா லம்பூர்