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Day: May 5, 2020

Banks should put peoples’ welfare before profits

The Consumers Association of Penang (CAP) calls on Bank Negara Malaysia (BNM) to ensure that banks do not impose any interest charges/profit on hire-purchase loans and fixed-rate Islamic financing of the B40 and M20 groups for the six-month moratorium period. Interest charges have already been calculated upfront in the loans. These are extraordinary times. Many from these two groups have lost...
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