Three-week sitting saw debates on finance, economy, trade, investment, industry, 13MP tabling

PMO, KDN, Works Ministry, MOF bills come into effect

Broader powers enable Consumer Credit Commission to safeguard consumers, says deputy minister

By Suhaila Shahrul Annuar SHAH ALAM, July 24 — The establishment of the Consumer Credit Commission (CCC) could complement Selangor’s financial literacy ecosystem, said state executive councillor for youth, sports and entrepreneurship Mohd Najwan Halimi. He said that when one monitors and logs...

By Danial Dzulkifly KUALA LUMPUR, July 21 — The Dewan Rakyat today passed the Consumer Credit Bill 2025, paving the way for a unified regulatory framework to oversee non-bank lenders, including buy now, pay later (BNPL) service providers and debt collection agencies. In her wind-up, Deputy...

KUALA LUMPUR, July 21 — The volume of buy now, pay later (BNPL) transactions has increased from 83.8 million in the second half (H2) of 2024 to 102.6 million in H1 this year.

By Danial Dzulkifly KUALA LUMPUR, July 21 — Petaling Jaya MP Lee Chean Chung today called for unlicensed moneylenders, commonly known as “ah long” or loan sharks, to be absorbed into a regulated financing system under the Consumer Credit Bill 2025, arguing that punitive action alone has failed...

By Danial Dzulkifly KUALA LUMPUR, July 21 — Puchong MP Yeo Bee Yin today raised concerns that unchecked buy now, pay later (BNPL) services could lead to higher consumer costs and create monopolies by major providers, unless proper regulation is introduced. While debating the second reading of...