Applications for URUS now open to eligible B50 customers

KUALA LUMPUR (Nov 15): Applications for the Financial Management and Resilience Programme (URUS) are now open to eligible bottom 50% income group (B50) individual customers until Jan 31, 2022. URUS is available for B50 customers who are under an existing repayment assistance programme provided by the banks as of Sept...

Anuar Mohd Hassan is AKPK's new chairman

KUALA LUMPUR (Sept 12): Agensi Kaunseling dan Pengurusan Kredit (AKPK), a wholly-owned subsidiary of Bank Negara Malaysia, has appointed Anuar Mohd Hassan as chairman of the board of directors effective Sept 3. In a statement today, AKPK said he brings to the agency, extensive experience in insurance and finance...

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...