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Day: December 16, 2013

Day: December 16, 2013

Banks charging 42pct per annum for personal loan

admin December 16, 2013 0 Comments
Believe it or not, a bank loan can turn out to be more expensive than a loan from a moneylender. For one bank the profit rate for its ‘Islamic’ personal loan can be as high as 42% per annum. The profit rate, like the interest rate, ensures profits for the bank on a loan extended to the public. Bank Negara should not condone this ‘Ah Long’-like profit rate. The profit on this particular...
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Objections to the Penang Hill Draft Special Area Plan

admin December 16, 2013 0 Comments
CAP and SAM Comments and Objections to the Penang Hill Draft Special Area Plan Introduction We fear that the proposals in the Penang Hill Draft Special Area Plan (SAP) to promote tourism and develop tourist infrastructures will threaten the peace and tranquillity of this nature reserve and its ecology. These include projects like hotels (about 100 rooms in total, 50 high-class and 50 budget...
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