SME Association: Job losses in coming months, blanket moratorium a must

The SME Association of Malaysia has urged Putrajaya to implement a blanket, automatic, and interest-free bank loan moratorium for all borrowers as a response to the "total lockdown" rule.

In a statement today, SME Association chairperson Michael Kang said 40 percent of SMEs are forced to suspend businesses currently.

"Many workers will lose their jobs in the coming months, especially in June and July. SMEs are in need of help immediately and an automatic...