Put all your chips on proper financial education, say experts

MORE should be done to equip youths with the proper knowledge on how to handle their finances. One reason is because it’s now easier for young people to be exposed to wrong information on financial matters, says independent financial adviser Yap Ming Hui. While most people know gambling is wrong, he worries that...

AKPK ready to offer assistance to troubled SMEs and households

PETALING JAYA: In the 15 years since Credit Counselling and Debt Management Agency (AKPK) was established by Bank Negara, it has helped almost 1.2 million individuals with financial advisory and assisted 34,000 participants in its debt management programme (DMP) to settle RM1.5bil of debts. “On the preventive side,...

AKPK asks borrowers to assess financial position as moratorium ends Sept 30

KUALA LUMPUR: Credit Counselling and Debt Management Agency (AKPK) has asked borrowers to take proactive steps in assessing their financial position now and into the future, as the automatic blanket moratorium ends tomorrow. Its chief executive officer, Azaddin Ngah Tasir said those who foresee difficulties in...

Malaysians in debt seek lifeline

PETALING JAYA: The Credit Counselling and Debt Management Agency (AKPK) has seen more than 1,000 walk-in inquiries in August seeking advice ahead of the loan moratorium which will cease at the end of the month. AKPK general manager for the operations division Nor Fazleen Zakaria said the agency also saw 100...

AKPK to help SMEs manage debt issues

KUALA LUMPUR: The Credit Counselling and Debt Management Agency (Agensi Kaunseling dan Pengurusan Kredit) will start offering specialised solutions to help SMEs (including micro SMEs) to manage their debt and promote sound financial management practices. In a joint statement on Friday, Bank Negara Malaysia and AKPK...

Vital to strengthen financial literacy, say experts

KUALA LUMPUR: One out of three Malaysians are not comfortable with their financial knowledge, while half of the population (52%) say they face difficulties raising even RM1,000 for emergencies. These were among the findings in a Credit Counselling and Debt Management Agency (AKPK) survey last year. AKPK chief...

‘Financial well-being at dismal levels’

PETALING JAYA: One out of five working adults did not manage to save any money over the last six months, a survey has shown. The Debt Management and Counselling Agency (AKPK) survey also found that three out of 10 working adults had to borrow money to buy essential goods. AKPK chief executive officer Azaddin Ngah...

AKPK appoints new board chairman

KUALA LUMPUR: The Credit Counselling and Debt Management Agency (AKPK), a wholly-owned subsidiary of Bank Negara Malaysia, has appointed Anuar Mohd Hassan as the Board of Directors’ Chairman, effective September 3, 2018. image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Demo_Age_45to54_enr,...

Spend wisely, shoppers told

KUALA LUMPUR: Shopping for Hari Raya has never seemed more exciting now that the 6% Goods and Services Tax (GST) has been zero-rated and consumers have higher purchasing power. Shoppers, however, are advised to keep their spending in check as unbridled extravagance will only lead to financial constraints later. “...

Millennials facing financial woes

RECENT headlines, international and local, recall a very dark past for Malaysia and other so-called Asian Tigers. Twenty years ago, Malaysia and other Asian nations were caught up in the turmoil of a currency crisis that swept across the continent, battering economies, pushing millions into poverty and forcing...

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