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Zaid on country’s recovery: Please speak to Bank Negara, Tok Pa!

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FORMER law minister Datuk Zaid Ibrahim has urged the Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed to have a serious discussion with Bank Negara Malaysia (BNM) if he wants the banks to have a new lease of life to help the country.

According to Zaid, Mustapa (also known as Tok Pa), had reminded banks to do more to help rebuild the economy, particularly in helping the small and medium enterprises (SMEs) which have been disproportionately affected by the pandemic.

“This reminder from the minister is timely. He wanted the banks to do more to help alleviate poverty and the difficulties suffered by small businesses,” Zaid said in a Facebook post.

However, he went on to point out that the central bank “suffers from the same hang-ups as other Government institutions” and that “they like to control and extend their ov

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