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Business 22 Sep 2010 | 12:00 AM

‘Limit credit cards per person’ call

PETALING JAYA: Various quarters are backing the call by Deputy Finance Minister Datuk Donald Lim to lower credit card interest rates but at the same time feel it would be more effective to reduce the escalating household debt by limiting the number of cards a consumer can have as well as the credit limit for cards.

Business 27 Dec 2010 | 12:00 AM

Banks warned against risky lending

PETALING JAYA: While banks, generally, are not reckless and irresponsible lenders going by the non-performing loans (NPLs) yardstick, they should be watchful when extending loans which may be risky amid the spike in household debt, said RAM Holdings Bhd group chief economist Dr Yeah Kim Leng.

Business 19 Aug 2009 | 12:00 AM

More loans for businesses

BATU PAHAT: Loans to businesses nationwide especially to small and medium enterprises (SMEs) are expected to continue their uptrend.

Business 16 May 2009 | 12:00 AM

Online interbank business upswing

THE online interbank business has been gaining popularity over the last few years as more consumers are now turning to the Internet to make payments electronically. With higher volume of online interbank transactions, banks have been enjoying good income from this channel and are upbeat about its growth potential amid the weak economy.

Business 09 Nov 2009 | 12:00 AM

Merchants can’t impose fees on users of credit cards

PETALING JAYA: Credit-card users who are told to pay extra if they use their cards instead of cash should be aware that merchants are not allowed to impose merchant fees on users as stipulated in the card associations' operating regulations.

Business 18 Apr 2011 | 12:00 AM

Debit card usage set to surge

PETALING JAYA: The debit card market, which has played a second fiddle in terms of popularity to credit cards, is expected to see a 50% to 70% growth in terms of usage this year as a result of stricter credit card measures aimed at reducing household debts.

Business 13 Jun 2009 | 12:00 AM

Credit card trap

Less than a month ago, US President Barack Obama signed sweeping credit card reforms into law to shield American credit card holders from predatory fees, among others. With mounting credit card debts and a tough climate, could now be a good time for Malaysia to consider similar reforms?

Business 26 Sep 2006 | 12:00 AM

IBBM formulating competency framework for banking sector

THE Malaysia Institute of Banks (IBBM) is formulating a Banking and Finance Industry Competency Framework to set international standard benchmark for the local banking and financial industry.

Business 08 May 2004 | 12:00 AM

Further steps to strengthen banking industry

THE Government intends to further strengthen the financial services sector, particularly the banking sector, although it may not necessarily seek the consolidation of the industry, Second Finance Minister Tan Sri Mohamed Nor Yakcop said.

Business 10 Jul 2008 | 12:00 AM

Inflation in June likely above 6%

Malaysia's inflation in June probably exceeded 6%, higher than earlier estimated, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.