Azlan Othman

The drop in business activities, especially for micro, small and medium sized enterprises (MSMEs) following the COVID-19 outbreak is a cause of concern, said Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah.

“The government through the Ministry of Finance and Economy is currently in talks with financial institutions and regulators to address the issue,” the minister said when asked whether deferred payments will be introduced during these hard times.

The outbreak has impacted businesses in the country. Consumers distance themselves from shopping malls and stores and avoid public places. Some suggested that banks consider reducing the monthly payment and landlords reduce rentals.