Latest Banking and Financial Related News in Malaysia

3020 Views  ⚫  Asked 7 Years Ago
asked on Aug 26, 2011 at 23:55
by   Anonymous
edited on May 19, 2016 at 04:24
The Star Online > Nation
Published: Friday August 26, 2011 MYT 3:24:00 PM

PTPTN to adopt friendlier approach with loan defaulters

KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) is prepared to negotiate with blacklisted defaulters or those who have been issued with summonses to help them repay their loans, its chairman Datuk Ismail Mohamed Said said.

He said that through a much friendlier approach, the corporation would open its doors to negotiation and work out the loan repayment structure.

"The borrowers and PTPTN officers will discuss the amount of deposit to be paid by the borrowers and the amount of monthly installment as well as how the payment should be made, either through salary deduction or bank's order," he said.

Speaking to reporters after handing over 2,500 goody bags at the Gombak toll plaza here Friday, Ismail said the borrowers could come to PTPTN to negotiate the repayment process.

He said up to July 31 this year, a total of 961,346 borrowers still owed the corporation a total of RM5.43bil.

Of the amount, 715,086 borrowers have started to repay their loans, with RM2.63bil collected thus far.

Some 246,260 or 25.62% have yet to make any payment for their loans, totalling RM1.39bil, while the arrears for those who have started to make repayment but at irregular intervals is RM1.42bil. - Bernama
0 had this question
Me Too
1 favorites
[ share ]
32 Answers
« Previous   1   2   3   4   Next »

answered on Jan 6, 2018 at 17:23
by   Friendship
Bid to recover money from friend ends in jail time

IPOH: It was trust that assured stageshow operator Tan Teik Heng to lend RM150,000 to a friend in 2016, and he has yet to recover most of his money.

Adding insult to injury, Tan was thrown into jail after an attempt to collect money from the friend, known as Beh, ended with the stageshow operator in jail for a week for slapping Beh during an argument in October 2016.

“Beh said he would pay me back with cheques, so I lent him the money,” Tan said at a press confe­rence held by Perak MCA Public Services and Complaints Bureau chief Jimmy Loh yesterday.

Tan said he went to Beh’s house when the cheques bounced and an argument ensued.

I slapped him and he lodged a police report. I was subsequently arrested and later fined RM1,500 by the court,” he added.

Tan first lent the money to Beh in June 2016 and got some cheques in return. But whenever a cheque bounced, Beh would issue another under his wife’s name.

“This went on for five months and I did not suspect anything as I trusted him,” he said, adding that he managed to recoup about RM20,000.

“It was only after I saw an an­nouncement in a Chinese daily that Beh’s brother-in-law was cutting ties with the family that I felt something was amiss.” Loh said Tan lodged six police re­­ports on Beh’s alleged cheating in Taiping.

Meanwhile, a Taiping district police spokesman said they had investigated the matter.

“The man who lodged the report wanted to reclaim his money. We found no element of cheating and advised him to pursue it in court.”

0 found this helpful

answered on Jan 20, 2018 at 06:55
by   Bank Negara
Bank Negara launches free central credit info platform for public

19 Jan 2018

KUALA LUMPUR: Bank Negara Malaysia has launched its free online platform for the public to access their own central credit reference information system (CCRIS) report, anywhere at their convenience.

The new initiative – eCCRIS is a secure online platform – and the service is provided for free and is available nationwide starting on Friday.

Bank Negara said the CCRIS report shows the financing and repayment history of a borrower with participating financial institutions over the past 12 months.

“It does not provide an assessment of a borrower’s credit standing. It is therefore a factual report and is not a blacklist.,” it said.

Bank Negara said eCCRIS is an extension of its efforts to promote the financial well-being of all Malaysians by encouraging prudent financial management.

With eCCRIS, the public can now access their personal CCRIS reports online via the eCCRIS website.

Users can to monitor and verify their personal  credit standing, including their loan repayment history.

Users will also be able to lodge data verification requests directly via eCCRIS to participating financial institutions to verify and correct any inaccuracies identified in their CCRIS report.

The platform was launched by Bank Negara Governor Tan Sri Muhammad Ibrahim.

Also present at the launch were  Datuk Kamaluddin Ismail  of Association of Development Finance Institutions of Malaysia (ADFIM), Tan Sri Tay Ah Lek of the Association of Banks in Malaysia (ABM), Datuk Mohd Redza Shah Abd Wahid of the Association of Islamic Banking Institutions Malaysia (AIBIM) and Marzunisham Omar, Assistant Governor of Bank Negara.

To register, the public simply needs to follow these five steps:

1. Walk-in to any Bank Negara Malaysia office or Agensi Kaunseling dan Pengurusan Kredit (AKPK) branch nationwide to perform a one-time registration.

2. At the CCRIS kiosk, individuals will need to verify their identity using MyKad, and register a valid mobile phone number. For businesses, an authorisation letter and company registration certificates are required for an authorised person to register on behalf of the company.

3. A 6-digit PIN will be sent to the registered mobile phone number.

4. Users are required to key in their MyKad number and 6-digit PIN for first-time login at

5. The user will then be required to (i) set preferred user ID and password, (ii) select personal security image and phrase, and (iii) set three security questions and answers

0 found this helpful

« Previous   1   2   3   4   Next »

Your Answer

By posting your answer, you agree to the privacy policy, cookie policy and terms of service.