Murali Pillai on Fortitude Budget

June 2020

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Murali Pillai on Fortitude Budget

(Updated: )

It is right and necessary that the Government intervene to protect small businesses by mandating that landlords grant rental waivers, and there should be permanent legislation on this that can be applied in similar situations in future. MP Murali Pillai made this point in Parliament on Friday (Jun 5) during the debate on the Fortitude Budget. Amid the economic fallout from COVID-19, he also asked if the Government would consider nudging financial institutions to provide low-interest home equity loan facilities to asset-rich, cash-poor families living in HDB or private properties.