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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , changmoney0909

   

Next In Business News

Crest Builder unit bags RM486mil job
Axis-REIT shows improved quarterly performance
Optimistic outlook for Grade A premium offices
Medical tourism to bolster private hospital growth
Haily wins RM109.5mil contract
ASIAWATER 2024 set to chart course for water resilience
SERC has positive outlook on exports this year
Topmix makes Bursa debut with 32% premium
KIP-REIT aims to scale up operations
Inta Bina bags RM170mil job

Others Also Read