By Suhaila Shahrul Annuar SHAH ALAM, July 24 — The establishment of the Consumer Credit Commission (CCC) could complement Selangor’s financial literacy ecosystem, said state executive councillor for youth, sports and entrepreneurship Mohd Najwan Halimi. He said that when one monitors and logs...

KUALA LUMPUR, July 21 — The government should establish a creditworthiness or credit scoring agency to regulate the eligibility of consumers taking loans, the Dewan Rakyat was told today.

KUALA LUMPUR, May 16 — Loans to the private non-financial sector grew by 5.5 per cent in the first quarter of 2025 (1Q 2025) versus 5.2 per cent in 4Q 2024, amid sustained growth in outstanding loans and higher growth in outstanding corporate bonds.

By Yasmin Ramlan SHAH ALAM, April 17 — In recent years, the issue of late National Higher Education Fund Corporation (PTPTN) repayments has garnered attention, especially as many young Malaysians struggle with managing their finances. For fresh graduates, the combination of financial...

KUALA LUMPUR, April 7 — Alliance Bank Malaysia Bhd is now close to achieving RM15 billion in new sustainable banking business for green projects to support small and medium enterprises (SMEs) ahead of the targeted 2027 financial year.

By Fitri Hazim Hazam SEPANG, March 21 — A vegetarian frozen food trader has achieved monthly sales of up to RM50,000 after receiving business financing assistance from Yayasan Hijrah Selangor. Narayanan G. Marimuthu, 49, said the business he started in 2020 faced significant challenges,...

NIBONG TEBAL, Feb 8 — The Education Ministry (MOE) has never authorised any private companies or financial consulting firms offering loan schemes to enter schools and provide their services to teachers, said its minister Fadhlina Sidek.

KUALA LUMPUR, Jan 18 — The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

By Siti Rohaizah Zainal SHAH ALAM, Oct 11 – Yayasan Hijrah Selangor has implemented stricter conditions on borrowers, such as requiring them to furnish six months of bank statements and a guarantor for high-risk financing, after over 30,000 people failed to repay their loans on time. Its...

KUALA TERENGGANU, Feb 17 — Single civil servants are planning to save and invest the RM2,000 early incentive payment of the Public Service Remuneration System (SSPA) review that they will receive on February 23, unlike their colleagues with school-going children who probably would prioritise preparations for the new school term to start early March.

By Sofia Nasir SHAH ALAM, Jan 11 — Yayasan Hijrah Selangor is engaging with collection agents to retrieve outstanding loans that have ballooned to over RM100 million from some 16,000 businesses since 2015.  Its chief executive officer Datuk Mearia Hamzah said the state subsidiary is also...

SHAH ALAM, Nov 14 — The Selangor State Assembly sitting was told today that over 15,000 Hijrah Selangor borrowers, or 22 per cent of the overall loans amounting to RM135 million have defaulted on their repayment.

KUALA LUMPUR, Nov 14 — The employee salary deduction for repayment of National Higher Education Fund Corporation (PTPTN) loans, which used to be done manually, can now be done online through Portal Majikan Online.

KUALA LUMPUR, May 12 — Stage Two loans in Malaysia had improved during the first quarter of 2023 (1Q 2023), declining to five per cent as more borrowers successfully transitioned out of repayment assistance programmes, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, March 29 — Activity in the housing market continued to be robust in the second half (2H) of 2022, following the resumption of economic activities and improved employment conditions, said Bank Negara Malaysia (BNM).

IPOH, March 11 — The method of allowing contributors to use the funds in the Employees Provident Fund (EPF) as collateral for bank loans does not violate the EPF Act, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, March 9 — The government is proposing to introduce a scheme which allows Employees Provident Fund (EPF) contributors to apply for bank loans by using their retirement funds as collateral.

KUALA LUMPUR, March 6 — A total of 50.3 per cent or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100 basis point increase in the overnight policy rate (OPR) last year, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Aug 9 — The gradual increase in the Overnight Policy Rate (OPR) will not cause a significant impact, said Deputy Finance Minister 1 Datuk Mohd Shahar Abdullah.

KUALA LUMPUR, June 30 — Malaysia’s banking system remains well capitalised to support economic recovery, said Bank Negara Malaysia (BNM).