YOU knew it was coming, and the first salvo against Bank Negara's move to curb household debt by pegging loans to people's disposable rather than gross income was launched by the auto industry.
Their rationale for bringing up their case is sales in January, which showed a big drop. The number of vehicles people bought fell 25% in January from the same month a year earlier and 14% lower from December, which is normally a slow month.
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