I want to share my thoughts on this matter, including whether we can pursue another round of blanket automatic loan moratorium. Different context, different approachWhen the blanket automatic loan moratorium was implemented last year, the situation was unprecedented. A moral considerationThere is a moral argument against the case for another round of blanket automatic loan moratorium: Why should a person whose income has not been affected by this pandemic enjoy a loan moratorium again? Ultimately, who stands to benefit most from a second round of blanket automatic loan moratorium, if not the well-off? Moreover, calls by various parties to do another round of automatic loan moratorium, justified by recent bank profits, sadly ignore the implications Malaysians will face in the longer term should the blanket automatic loan moratorium be reintroduced, to the detriment of the country and her people.

Source: The Edge Markets June 09, 2021 08:03 UTC