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Business 22 May 2003 | 12:00 AM

Rate cut to spur consumption

BANK Negara yesterday cut the three-month intervention rate by 50 basis points (0.5%) to 4.5% to spur domestic consumption.

Nation 21 May 2003 | 12:00 AM

Special unit to crack down on loan sharks

A special enforcement unit led by a senior police officer is being set up at the Housing and Local Government Ministry to crack down on #8220;loan sharks.#8221;

Business 20 May 2003 | 12:00 AM

Resona bailout sparks fears in financial sector

Anxiety about the health of Japan's banks gnawed at confidence in financial markets yesterday after the government agreed to rescue fifth-ranked Resona Bank but analysts played down the likelihood of a financial system crisis for now.

Business 18 May 2003 | 12:00 AM

Small Viet banks taking off

Consumer and private business finance in communist Vietnam, driven by the region's second-fastest growing economy after China, is taking off.

Business 13 May 2003 | 12:00 AM

Danaharta Q1 NPL at RM47b

PENGURUSAN Danaharta Nasional Bhd said its non-performing loans (NPLs) portfolio as at March 31 totalled RM47.58bil (value in loan rights acquired), involving 2,555 borrowers and 2,901 accounts.

Nation 12 May 2003 | 12:00 AM

Moneylenders need permit to place ads

Moneylenders will have to obtain a permit from the Housing and Local Government Ministry before they can advertise their services under amendments to the Moneylenders Act, said minister Datuk Seri Ong Ka Ting.

Nation 08 May 2003 | 12:00 AM

Loan defaulters forced to pose nude

Police have crippled a gang involved in an illegal money-lending operation thatforced loan defaulters to strip and pose for pictures.

Business 18 Apr 2003 | 12:00 AM

Japan juggles with bad loan problems

For all the rhetoric of cleaning up banks' bad loan mess once and for all, Japan is expected to hold back on radical action as it tries to shield banks from a financial crisis without triggering one on the way.

Letters 15 Apr 2003 | 12:00 AM

Better protection for borrowers now

By V.K.Chin

Business 11 Apr 2003 | 12:00 AM

Maybank plays down collateral for loans to SMIs

COLLATERAL would not be Malayan Banking Bhd#039;s (Maybank) principal criteria for approving loan applications by small- and medium-sized industries (SMIs) as greater emphasis would be placed on business viability, realistic business plans, business environment and competition.