AKPK expands role to help potential bankrupts

KUALA LUMPUR (Jan 29): Debt Management and Counselling Agency (AKPK) has expanded its role to become a nominee under the Voluntary Arrangement (VA) service, a rescue mechanism to help potential bankrupts. Chief Executive Officer Azaddin Ngah Tasir said the new service would provide debtors an opportunity to negotiate...

One in three Malaysians 'very worried' about expenses in retirement

KUALA LUMPUR (April 7): A majority of Malaysians lack long-term financial planning, and only 40% of them are financially ready for retirement, said Bank Negara Malaysia (BNM) Deputy Governor Abdul Rasheed Ghaffour, based on BNM's observation on long-term financial planning. He added that more than 75% of...