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AKPK reports 53,000 under-30s owe RM1.9 bln - Amir Hamzah

AKPK reports 53,000 under-30s owe RM1.9 bln - Amir Hamzah

Datuk Seri Amir Hamzah Azizan reveals that 28% of Malaysian working adults have borrowed money to buy essential goods, according to AKPK.
Tue Oct 01 2024
PM Anwar calls on banks to continue to help SMEs

PM Anwar calls on banks to continue to help SMEs

At the same time, troubled borrowers can get free advice and loan repayment assistance through the Credit Counseling and Management Agency.
Fri Jun 30 2023
Moratorium under PEMULIH Package still open for applications - MOF

Moratorium under PEMULIH Package still open for applications - MOF

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.
Wed Oct 27 2021
Urus complements govt initiatives to help most affected groups -- Tengku Zafrul

Urus complements govt initiatives to help most affected groups -- Tengku Zafrul

Tengku Zafrul said URUS would be managed by AKPK, which would also provide personal financial plan assistance.
Thu Oct 14 2021
URUS to give interest exemption for three months, smaller instalments for B50 borrowers - PM

URUS to give interest exemption for three months, smaller instalments for B50 borrowers - PM

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.
Wed Oct 13 2021
AKPK developing TRP to assist SME borrowers facing cash flow problems - Yamani Hafez

AKPK developing TRP to assist SME borrowers facing cash flow problems - Yamani Hafez

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.
Mon Oct 11 2021
Banks to offer six-month moratorium from July 7, say ABM, AIBIM

Banks to offer six-month moratorium from July 7, say ABM, AIBIM

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.
Tue Jun 29 2021
MCO 3.0: Blanket loan moratorium may not be the best solution, says BNM

MCO 3.0: Blanket loan moratorium may not be the best solution, says BNM

Nor SHamsiah said all banks already have their payment assistance plans, including targeted loan moratoriums.
Tue May 11 2021
AKPK helps 32,349 individuals settle debts totalling RM1.5 bln

AKPK helps 32,349 individuals settle debts totalling RM1.5 bln

Azaddin said since its inception in 2006, the agency had extended its financial advisory services to over 1.2 million people.
Tue Mar 09 2021
40 pct of millenials spend beyond their means - Tengku Zafrul

40 pct of millenials spend beyond their means - Tengku Zafrul

Tengku Zafrul said according to Bank Negara Malaysia, 47 per cent of Malaysian youths have high credit card debts.
Tue Mar 09 2021
Replace EPF withdrawals with long-term sustainable measures

Replace EPF withdrawals with long-term sustainable measures

For the B40 households and informal sector workers, measures to safeguard people's savings also need to be considered.
Tue Nov 24 2020
BNM, banking industry fine-tune delivery of targeted repayment assistance

BNM, banking industry fine-tune delivery of targeted repayment assistance

This will be based on borrowers self-declaration of reduced income and/or their household to further expedite immediate relief.
Fri Nov 06 2020
Banks have approved 98 per cent of 500,000 applications for repayment assistance - BNM

Banks have approved 98 per cent of 500,000 applications for repayment assistance - BNM

The banking industry has received about 500,000 applications for repayment assistance and approved 98 per cent of them.
Wed Sep 30 2020
DPMM to meet Bank Negara over ways to help entrepreneurs

DPMM to meet Bank Negara over ways to help entrepreneurs

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.
Fri Aug 21 2020
Economy recovering, 83.5 per cent of employees have returned to work - Tengku Zafrul

Economy recovering, 83.5 per cent of employees have returned to work - Tengku Zafrul

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.
Wed Jul 22 2020
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024