Bringing back blanket loan moratorium for low-income group, smaller enterprises?

Photo: Bassam Khawaja 2019/srpoverty.org

The end of the blanket loan moratorium in September has triggered concern that people whose incomes are 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, BFM speaks to J Solomon, the union’s general secretary, about funding trials, inconsistency in the conditions set, as well as the impending Budget 2021.

Produced by Sim Wie Boon

Presented by Roshan Kanesan, Lyn Mak and Noelle Lim

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Hakimi Abdul Jabar
22 Oct 2020 11.51am

To digress a bit.

The professed purpose of 1MDB was to attract foreign investment and development in Malaysia to benefit all the people of Malaysia.

Question 1) How has 1MDB’s foray into the Global Capital Markets actually benefitted and benefitting all the people in Malaysia?

Question 2) A published study by Ingrid Goodspeed of the South African Institute of Financial Markets stated that Capital Markets benefit the poor. Do furnish the percentage of the Malaysian poor who had and are directly benefitting from 1MDB’s venture in the Global Capital Markets?

https://corpgov.law.harvard.edu/2019/05/14/goldman-sachs-and-the-1mdb-scandal/

http://financialmarketsjournal.co.za/oldsite/1stedition/printedarticles/printcapitalmarketspoor.htm