KUALA LUMPUR, March 25 — The Opposition has called for an additional RM150 billion stimulus package to help small businesses hit by the Covid-19 crisis stay afloat, direct cash assistance to lower income households and a moratorium on utility payments.
The recommendations followed the Perikatan Nasional administration’s decision to freeze loan repayments for the next six months, as part of efforts to cushion the blow from the pandemic.
The Pakatan Harapan coalition said the measure was welcomed, but argued that it will do little to aid poor households and micro enterprises, the country’s largest employers. The coalition said a large stimulus package that targets the most vulnerable is urgently needed, and must be made available immediately.
“We welcome the six month moratorium on loan repayments for individuals and companies…but the moratorium will not benefit a segment of Malaysian society who rents or small businesses facing high operating costs,” its secretariat said in a statement.
The Opposition outlined several propositions throughout the shutdown order enforced since March 18. Among them is cash assistance worth RM1,000 to all workers for March and April, which it said would benefit low income households…