Jul 01, 2020

Many become helpless after moratorium period ends Featured

Repayment of the loan instalments has resumed after the three-month moratorium period for repayment of bank loans has ended.

Meanwhile, it is also reported that some companies are slashing allowances, including overtime pay, and these are said to continue in the upcoming months.

However, with the banks' deciding resume with loan instalments, many have become helpless in this backdrop.

Secretary to the Ministry of Finance - Mr. Attygalle has this would not be an issue as company salaries are now being paid as usual and the Central Bank had provided concessions for three months.

However, if instalments are charged while the decision to slash salaries for the months of June and July remain unchanged, the bank should take a decision on this regard, he adds.