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Blanket moratorium - Zafrul explains no legal ability to force banks

The latest economic aid package for the people amid the movement control order did not include a blanket loan moratorium as the government cannot compel banks to do so, said Finance Minister Tengku Zafrul Abdul Aziz.

According Zafrul, the moratorium offered to those in the B40 group, those who lost their jobs, and small and medium businesses that cannot open is what banks had agreed to in...


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