KUALA LUMPUR: Borrowers should start talking to their banks before the expiry of the six-month loan moratorium on Sept 1, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz. The advice came after the Finance Minister said that although talks were being held with the banks for an extension of the moratorium, it was entirely up to them to provide any further extension. He acknowledged that there had been numerous requests for an extension of the moratorium which the banks had voluntarily imposed on themselves. “On the government’s part, we are still engaging with the banks and it is really up to them, ” he said. Tengku Zafrul was asked to comment on an announcement by Malayan Banking Bhd (Maybank) on Friday that it would not be extending the six-month loan moratorium period that would end in September.

Source: thestar June 28, 2020 22:52 UTC