fomca logoJanuary 15, 2021 2:13 PM
PETAING JAYA: The Federation of Malaysian Consumers Associations (Fomca) has urged the government to offer workers a minimum wage and extend the loan moratorium in the wake of the second movement control order (MCO).

Its president, Marimuthu Nadason, said the government must seriously consider the impact the reimposed MCO will have on workers and businesses.

“They will need financial support. Fomca urges that all affected businesses and workers will be supported at least with a minimum wage to help them through the crisis. Abandoning the workers without any support is just plain cruel.

“Next, Fomca calls on Bank Negara to extend the loan moratorium until at least August. Bank Negara’s silence and indifference to the plight of the rakyat is deafening. There should be an immediate moratorium on all loans to assist those impacted by the MCO,” he said in a statement.

He also suggested that insurance companies be prevented from increasing premiums during the period.

While movement restrictions were necessary, Marimuthu said, it was important to ensure vulnerable communities were not left behind.

“Let us not forget or neglect the low income and the vulnerable who are suffering and will be impacted even worse by these new measures. A responsible government should take concrete and firm measures to support them,” he said.

According to the Malaysian Employers Federation, the economic fallout of the various movement restrictions caused 30,000 businesses to cease operations, resulting in 100,000 job losses, last year.