Kota kinabalu: Sabah Deputy Chief Minister III and Minister of Industrial Development, Entrepreneurship, and Transportation, Datuk Ewon Benedick, has proposed that the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) continue implementing a loan repayment moratorium to assist entrepreneurs affected by disasters. He emphasized that this move aligns with the State Government's efforts to ensure that micro, small, and medium enterprises (MSMEs) remain competitive despite facing unforeseen challenges.
According to BERNAMA News Agency, financing agencies under KUSKOP have previously implemented policies granting moratoriums or loan repayment flexibility, including payment deferments of up to a maximum of six months for affected entrepreneurs. Ewon stated that he would seek confirmation from KUSKOP on whether this policy is still in effect.
Ewon added that his ministry plans to propose to KUSKOP that the Joint Committee, established previously, be maintained to ensure more effective coordination of entrepreneurship development. He noted that this committee is essential not only for coordinating entrepreneur development programs but also for addressing issues related to calamities and disasters directly impacting business continuity.