KUALA LUMPUR, Feb 28 (Bernama) — MFPC welcomes the broad-based RM20 Billion economic stimulus plan to mitigate the economic pain of the rakyat. The very timely stimulus plan will help businesses and households manage aspects of personal finance and boost the sluggish economy. Key points that we wish to highlight include:-
Moratorium on Loans – We note that most financial institutions in the County have announced a moratorium period on affected businesses of individuals affected by the Covid-19 virus. We wish to remind Malaysians the importance of preparing for an individual emergency fund to avoid financial distress by having at least a 3-month buffer to tide over in times of trouble and difficulties. It is in our view that better managing temporary financial constraints should be part of an individuals and businesses longer-term financial plan.
