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...

Use talent to earn extra income

THE bread-and-butter issue has been on the lips of many. It has been going on for quite some time. Some are stressed out over it. Others are totally overwhelmed. We are all in the new economic order of higher living costs. One question lingers. Can we all cope? Yes, we can as long as we can overcome the victim and...

Identifying financial alarm bells

I CAME across “The Avocado Toast Index: How many breakfasts to buy a house?” on BBC.com recently. The article takes a jibe at the lives of some millennials who would rather waste their money on an Instagram-mable breakfast than make sensible investments like buying a house. Though I am not a millennial nor do I...

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