Finance Minister Lim Guan Eng: Improved tax collection strategies and continued economic growth will ensure that Malaysia readily meets its fiscal consolidation objectives.
KUALA LUMPUR: Finance Minister Lim Guan Eng has urged banks in Malaysia to ease their lending requirements to reduce the difficulties faced by individuals and businesses to secure financing.
“Banks should be more more flexible in their lending arrangements. We get many complaints about banks being very conservative in lending, although they recorded huge profits last year with some of them posting their largest profits ever. We don’t have windfall taxes for banks in Malaysia. So, it is time for you to start lending unless you prefer windfall taxes,” he said during the Invest Malaysia forum yesterday.
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