Guan Eng repeats call for another round of bank loan moratorium

Bagan MP Lim Guan Eng has reiterated his call for the government to extend the bank loan moratorium and interest rate waiver for another six months.

The former finance minister first made the suggestion in January but this time he cited uncertainties caused by the Russia-Ukraine war for the country’s softened growth forecast, despite the reopening of Malaysia’s borders this month.

Lim noted that the World Bank recently lowered the country’s gross domestic product (GDP) growth forecast for...