Economist against using EPF to support loans
KUCHING: An economist opposes the move to allow the Employees’ Provident Fund (EPF) to support loans, as Malaysia faces one of the highest household debt-to-GDP ratios globally. Centre for Market Education (CME) economist said that many Malaysians borrow to cover rising costs and unexpected emergencies, leaving them vulnerable to economic fluctuations. According to Bank Negara […]
Savings safe in loan default
KUCHING: A well-known businessman has addressed concerns regarding the possibility of the Employees Provident Fund (EPF) contributors losing their entire savings in the event of a loan default. Datuk Sim Kiang Chiok told New Sarawak Tribune that it was not possible for contributors to lose all their savings in their EPF account in the event […]
Youth gets one year’s jail for cheating money-lending company
SIBU: The Magistrates’ Court sentenced a youth to one year’s imprisonment for cheating a money-lending company. Robert Liun, 23, from Batang Igan pleaded guilty to the charge on Thursday (Nov 4) when it was read and explained to him through an interpreter. Robert was indicted for cheating a money-lending company by applying for a loan […]
Don’t apply for loans via Facebook
PADAWAN: The public are advised not to apply for any loans via Facebook, but through a licensed money lender instead. District police chief Supt Aidil Bolhassan said this in light of a recent viral post where a person’s property was splashed with red paint by a loan shark. “I advise the public not to apply […]
Don’t be ashamed to apply
HOUSE REPAIR LOANS BY TANIA LAM & VOON YIH BOON KUCHING: Batu Kawa Iban Penghulu Stanley Repon has urged those in the B40 (low-income) group not to be embarrassed or ashamed to request for house repair assistance. This is because the government is ready to help those in need. He said many within the Batu […]
Interested to become delivery riders?
KUCHING: Sarawakians interested to work as delivery riders are encouraged to apply for the special motorcycle loan worth RM10,000. Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said the ministry through Tabung Ekonomi Kumpulan Usaha Niaga (Tekun) Nasional has established a loan up to a maximum of RM10,000 for the purchase of […]
