He said the six-month moratorium involved RM100 billion and it gave a breather to businesses which had started generating income following the gradual lifting of the movement control order (MCO) on May 4.

“They could pay their loans,” he said, adding that the government is now discussing with banks to introduce targeted moratorium.

The targeted moratorium, he said, could mean lower monthly instalments or lower interest rates.

“As for now, we hope borrowers would meet the banks for assistance,” he said in reply to an additional question by Ahmad Maslan (PN-Pontian), who asked if Putrajaya will extend the moratorium after it ends in September.

Ahmad also asked if the government will introduce more stimulus packages which at present involves 80 initiatives.

Tengku Zafrul said the government had so far announced a RM260 billion stimulus package to cushion the impact of the Covid-19 crisis.

He said the government had no plans to announce additional stimulus packages for now.

“Our focus is to support businesses and strengthen the economy,” he said.

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