AKP

Datuk Seri Amir Hamzah Azizan reveals that 28% of Malaysian working adults have borrowed money to buy essential goods, according to AKPK.

At the same time, troubled borrowers can get free advice and loan repayment assistance through the Credit Counseling and Management Agency.

Mohd Shahar said the banks are ready to provide loan repayment assistance to those in need and they only need to contact their respective banks.

Tengku Zafrul said URUS would be managed by AKPK, which would also provide personal financial plan assistance.

Ismail Sabri has announced that the Financial Management and Resilience Programme (URUS) for borrowers in the B50 income group will be set up by the banking sector soon.

AKPK is developing a Temporary Relief Programme (TRP) to reduce the burden of individual and SME borrowers who are still having difficulty restoring their cash flow.

The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) member banks will be offering a six-month moratorium from July 7.

Nor SHamsiah said all banks already have their payment assistance plans, including targeted loan moratoriums.

Azaddin said since its inception in 2006, the agency had extended its financial advisory services to over 1.2 million people.

Tengku Zafrul said according to Bank Negara Malaysia, 47 per cent of Malaysian youths have high credit card debts.

For the B40 households and informal sector workers, measures to safeguard people's savings also need to be considered.

This will be based on borrowers self-declaration of reduced income and/or their household to further expedite immediate relief.

The banking industry has received about 500,000 applications for repayment assistance and approved 98 per cent of them.

Among the matters to be discussed was the problem of loan records appearing in the Central Credit Reference Information System (CCRIS) and CTOS Data Systems Sdn Bhd (CTOS) report.

About 12.7 million or 83.5 per cent of employees as of June 2, 2020 have returned to work, evidently shows that economic activities and services are recovering.

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.