MTUC urges govt to order banks not to start bankruptcy proceedings after loan moratorium period ends


PETALING JAYA: The Malaysian Trades Union Congress (MTUC) has called upon the authorities to issue a directive to financial institutions to halt bankruptcy proceedings after the loan moratorium period ends in December.

MTUC president Datuk Abdul Halim Mansor said it was urgent to issue such a directive in view of rampant layoffs and pay cuts in recent months.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MTUC , Insolvency , Abdul Halim Mansor

   

Next In Nation

'Back to school, pray for me', says Tunku Azizah
Cops arrest two men impersonating MACC personnel in Pasir Mas
Have you prepared an emergency kit yet?
Loke moots Malaysia-Hong Kong dual air cargo hub to strengthen global trade
Contractor loses RM260,000 to investment scam
Increase the number of mental health professionals in public health facilities, says Azmin
Malaysians crossing border illegally to enter Sungai Golok will be arrested from next month, says cops
Ban the use of vape completely, says Pahang Sultan
PDRM announces transfer of 21 senior officers
MPs to receive special briefing on issues affecting farmers by Agriculture Ministry

Others Also Read