E-commerce - Growing in popularity: 'Buy now, pay later' method
KUALA LUMPUR (July 24): The “buy now, pay later” or BNPL method of payment within e-commerce is reportedly growing in popularity all over Asia.
COVID-19: Hong Leong Bank cardholders can convert balance to three-year loan at 13% per annum
KUALA LUMPUR (March 25): Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd have offered their customers the option of converting their credit card balances into a three-year loan at an effective interest or profit rate of 13% per annum.
MTUC welcomes BNM’s six-month moratorium on loan repayments
KUALA LUMPUR (March 25): The Malaysian Trades Union Congress (MTUC) has welcomed Bank Negara Malaysia (BNM)’s directive to financial institutions to provide a six-month reprieve on loan instalment payments amid the economic fallout of the COVID-19 pandemic.
BNM announces automatic six-month moratorium on all bank loans, but not credit card balances
KUALA LUMPUR (March 24): Automatic moratorium on loan repayments will be granted to small and medium enterprises (SMEs) and individuals — an additional measure taken by Bank Negara Malaysia to relieve the burden on businesses and households that are expected to be affected by the COVID-19 outbreak.
