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Bringing Back Blanket Moratorium for B40s, SMEs?

J Solomon, General Secretary, NUBE

20-Oct-20 07:47

Bringing Back Blanket Moratorium for B40s, SMEs?

The end of the blanket loan moratorium in September has triggered concern that people whose income is still suppressed as a result of the pandemic will not be able to service their loans. Although there is a targeted loan moratorium in place, the National Union of Bank Employees is calling for the government to reinstate the blanket moratorium for low-wage groups and SMEs. To find out more, we speak to J Solomon, NUBE General Secretary, about funding trials, inconsistency in conditions set, as well as the impending Budget 2021.

Image Credit: Laboo Studio / Shutterstock

Produced by: Sim Wie Boon

Presented by: Roshan Kanesan, Lyn Mak, Noelle Lim

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Categories:  Personal FinanceInvestmentsFinancial LiteracyPoliticsLaw and Legal MattersBusiness AnalysisTrends and ForecastsMarketsSocial Issues

Tags:  blanketmoratoriumSMEB40loanincomepandemictargeted

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