Ramon Navaratnam also urges the government to consider a moratorium on repayment of loans by SMEs and those in the low-income group. FMTNews RamonNavaratnam Covid19 Coronavirus Economy
Senior economist Ramon Navaratnam says the government should provide help for parties badly affected by the Covid-19 outbreak.
Ramon Navaratnam said a moratorium on repayment of loans should be imposed on genuine cases, especially small and medium enterprises and those in the low-income group. “I would encourage the government to provide help for businesses which have suffered and the B40 group, but it has to be given to those genuinely in need.
The Consumers Association of Penang urged the government yesterday to allow delays in the repayment of debts, especially for those in the business sector, in the wake of the Covid-19 outbreak.
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