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Introduce special loan scheme, urges Zahid
BANKS should introduce a special loan scheme for those who want to borrow small sums of money, a backbencher said.
Banks sign pact on debt evasion
SIXTY-EIGHT Chinese and foreign banks in Shanghai signed a pact recently in a joint effort to fight debt evaders.
'Consumer credit laws are weak'
Three Acts of Parliament in consumer credit have weak regulatory laws that compromise the interest of consumers, according to a working paper at an international conference held in Kuala Lumpur.
Chamber: Apt for cops to tackle loan sharks
It is apt for the police to be given the powers to deal with the loan shark problem, according to the Indian Chamber of Commerce and Industry Selangor (ICCIS).
Use bankruptcy action as last resort, Rais urges banks
Banks and financial institutions are advised not to hastily institute bankruptcy or winding up action against loan defaulters and use the action instead as the last resort.
Ease loans for SMEs, banks told
Commercial banks are still refusing to give in to calls to provide loans to small and medium enterprises (SMEs).
SMIs hail Dr M’s advice to banks
Groups representing small borrowers have lauded Prime Minister Datuk Seri Dr Mahathir Mohamad for looking into the plight of small businessmen.
Attend to small borrowers too, PM tells banks
Prime Minister Datuk Seri Dr Mahathir Mohamad has called on the 10 local banks to establish special departments or sections and facilities to deal with small borrowers and small and medium industries (SMIs).