BATU PAHAT: Credit cooperatives in Johor have objected to Bank Negara’s stringent new regulation on personal loan and appeal the Government to review the directive.
Koperasi Jess Johor chairman Sazali Abdul Hamid, who represented 31 credit cooperatives in the state, said the new rule is a “silent killer” to credit cooperatives as majority of members no longer qualified for loan under the latest order.
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