KUALA LUMPUR, Dec 9 — The government should ensure the country’s household debt-to-gross domestic product (GDP) ratio at 65 or 70 per cent, said Senator Mohd Hasbie Muda.
KUALA LUMPUR, Oct 2 — The Federation of Malaysian Consumers Associations (Fomca) hopes that the Budget 2023 which will be presented in the Dewan Rakyat on Friday will address the issues of people's income, cost of living and consumer empowerment.
KUALA LUMPUR, Aug 7 — The move to regulate the Buy Now, Pay Later (BNPL) facility is timely and among the issues that need to be addressed is the amount of credit an individual can take, said economic expert Professor Datuk Dr Shazali Abu Mansor.
KUALA LUMPUR, Aug 5 — The Buy-Now-Pay-Later (BNPL) services have emerged as an appealing payment and funding solution for many amid its exponential growth, which makes it vital for it to be regulated for the betterment of consumers, lenders as well as avoid any potential risk to the financial system, said experts.
KUALA LUMPUR, Aug 4 — Efforts to promote a trusted and confidence-inducing consumer credit ecosystem are underway through the consolidation of the credit industry regulatory framework via the enactment of the Consumer Credit Act (CCA).
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