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

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

BASSAM KHAWAJA 2019/srpoverty.org

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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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