Proton car dealers seek clarification

PETALING JAYA: Proton car dealers have welcomed Bank Negara Malaysia's efforts to meet with banks to clarify its new guidelines for borrowers.

Proton Edar Dealers Association Malaysia (Peda) president Armin Baniaz Pahamin said the meeting on Friday followed concerns expressed that many banks were “overzealous” in interpreting the guidelines and had asked for more documentation.