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The Business Station
Bringing Back Blanket Moratorium for B40s, SMEs?
11 mins·07:47, 20 Oct 2020
Bringing Back Blanket Moratorium for B40s, SMEs?
11 mins
·
07:47, 20 Oct 2020
·
Recommended
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
Presenter: Roshan Kanesan, Lyn Mak, Noelle Lim
Producer: Sim Wie Boon
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