Over 31,000 Bankruptcy Cases Recorded Since 2021, 46 Pct Due To Personal Loans

JOHOR BAHRU, April 23 (Bernama) -- Malaysia recorded a total of 31,517 bankruptcy cases from 2021 to March 2026, with nearly half of them stemming from personal loans.

Multi-Color Corporation Confirms Reorganisation Plan

KUALA LUMPUR, April 20 (Bernama) -- Multi-Color Corporation (MCC), a leader in prime label solutions, has confirmed its prepackaged plan of reorganisation and expects to emerge from prepackaged Chapter 11 in the coming weeks.

Multi-Color Corporation Secures Court Approval For First Day Relief

KUALA LUMPUR, Feb 5 (Bernama) -- Multi-Color Corporation (MCC), a global leader in prime label solutions, has received approval from the United States Bankruptcy Court for the District of New Jersey for first day relief related to its prepackaged Chapter 11 filing on Jan 29.

ISDA Confirms Enforceability Of Close-Out Netting In Saudi Arabia 

KUALA LUMPUR, Nov 11 (Bernama) -- The International Swaps and Derivatives Association (ISDA) has published legal opinions recognising the enforceability of close-out netting in Saudi Arabia, providing global financial institutions with greater legal certainty when transacting in the Kingdom’s derivatives market.

BNM's FTFC Policy Revision To Ensure Fairer Deals For Financial Consumers 

KUALA LUMPUR, Nov 11 (Bernama) -- The revised Fair Treatment of Financial Consumers (FTFC) policy document will enable financial service providers (FSP) to take appropriate action to understand vulnerable consumers better and provide the necessary assistance, said Bank Negara Malaysia (BNM) spokesperson.

Consumer Credit Commission To Implement Comprehensive Regulatory Framework For BNPL Schemes

KUALA LUMPUR, July 21 (Bernama) -- The Consumer Credit Commission (CCC) will implement a comprehensive and sustainable regulatory framework for the “buy now, pay later” (BNPL) scheme to ensure the public does not fall into debt traps or face a rise in bankruptcy cases.

BNM Plans To Make Financial Education Network Proaktif Mandatory For Youth

KUALA LUMPUR, June 17 (Bernama) -- Bank Negara Malaysia (BNM) plans to make its money literacy programme, called Financial Education Network (FEN) Proaktif, mandatory for the youth.

BNPL And Debt: Between Convenience And Concern

PUTRAJAYA, March 23 (Bernama) -- Consumers’ ability to repay debt from 'Buy Now, Pay Later' (BNPL) facilities is increasingly a concern, especially with the significant growth in BNPL transactions in Malaysia, thus raising concerns about the risks of high indebtedness and the importance of financial literacy.

Maintenance Fees: The Hard Truth - JMBs And MCs Lack Expertise, Residents Neglect Responsibility

By Abdul Hamid A Rahman

This is the conclusion of a three-part series on maintenance fee collection in strata properties. It examines enforcement challenges under the Strata Management Act 2013 (Act 757), the role of JMBs and MCs and the responsibilities of owners and tenants. 

Future Finance Forum 2025: ARIM’s Initiative To Empower Next Gen Of Ethical, Financially Literate Leaders

JOHOR BAHRU, Jan 15 (Bernama) -- The Future Finance Forum 2025 is an initiative by AmanahRaya Investment Management (ARIM) designed to equip university students with essential financial literacy skills, fostering the next generation of ethical, responsible, and empowering leaders.

Major Infrastructure Projects To Drive Malaysia's Steel Demand - Kenanga IB

KUALA LUMPUR, Jan 10 (Bernama) -- Malaysia’s demand for ferrous metals and their value-added products will be well driven by the roll-out of major local infrastructure projects, according to Kenanga Investment Bank Bhd (Kenanga IB).

Rampant Fraudulent Activities Can Destroy Company's Hard-earned Wealth, Says Author, Ex-chartered Accountant

KUALA LUMPUR, Jan 8 (Bernama) -- A former chartered accountant with extensive service in the private sector has warned that the hard-earned wealth of a company can be destroyed by rampant fraudulent activities committed by sheer dishonest people.