PETALING JAYA: Most Malaysians who opted in for Employees Provident Fund's (EPF) Account 3 withdrew the funds to settle debts and outstanding loans, according to a poll by The Star. The online poll, which was held in the week before the last day of the opt-in on Aug 31, saw 1,300 people responded. Around 288 people (42.11%)...
KUALA LUMPUR: A 67-year-old man had to disown his son due to his gambling addiction and substantial debts. Retiree Wong Yock Sang said his 35-year-old son was a chronic gambler who borrowed from loan sharks to fund his lifestyle. "I exhausted my life savings to settle his RM240,000 debt in 2019 because he promised to change his...
Experts: Youngsters should manage their income, cut down debts PETALING JAYA: With many young Malaysians saddled with debts, experts say it pays to “ignore the Joneses” and apply the golden rules of spending, which is to live within your means and save for rainy days. FA Advisory Sdn Bhd financial consultant Dr Rajendaran Vairavan said while there...
KOTA KINABALU: Sabah will ensure it can recover as much as possible of the money borrowed from the state, says Datuk Seri Masidi Manjun (pic). He added that this includes private companies in Peninsular Malaysia and said that there would be no write-offs for loans by these companies, adding the Sabah government would doggedly go after...
TANJONG KARANG: Prime Minister Datuk Seri Anwar Ibrahim (pic) said he will release proof on Thursday (July 20) that he had signed a debt waiver scheme for Felda settlers. "I can show them, there is no need to wait 24 hours, I can do it in 12 hours. I did sign it on June 27. As to why...
