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Day: March 27, 2013

Unacceptable increase in the cost of using cheques

Bank Negara’s proposal to increase the cost of using cheques from 15 sen to 65 sen beginning April 2014, is unwarranted and should be withdrawn. Though Bank Negara wants to encourage consumers to move to using electronic payment, it is premature to do so as online transactions too have their limits. Firstly, there is the question of safety and reliability. Is it safe to transfer large sums of...
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