Moneylender licence ‘ill-advised’ proposal

A construction worker stands at a building site in Kuala Lumpur on August 12, 2016.Malaysia’s economic growth eased in the second quarter, the central bank said on August 12, attributing the slowdown to a decline in exports amid subdued global demand.

HBA says scheme will drag house buyers deeper in debt

THE National House Buyers Association (HBA) views with grave concern on the statement by the Urban Well-being, Housing and Local Government Minister Tan Sri Noh Omar that eligible housing developers can now apply for moneylenders licences to provide loan facilities of up to 100% to property buyers.