The Star Online: Nation
The Star Online: Nation |
- Bank Negara issues guidelines on responsible lending
- Khairy not involved, says Kalimullah
- Hisham: Deportation for Indonesians caught for militant activities
| Bank Negara issues guidelines on responsible lending Posted: 18 Nov 2011 04:25 AM PST Published: Friday November 18, 2011 MYT 8:26:00 PMKUALA LUMPUR: Bank Negara Malaysia issued on Friday guidelines to financial institutions aimed at promoting prudent, responsible and transparent retail financing practices. The central bank said the guidelines, effective Jan 1, would complement other measures that promote better protection for financial consumers and a sustainable credit market that contributes towards preserving financial and macro-economic stability. The guidelines require financial institutions to make assessments of a borrower's ability to afford financing facilities based on a prudent debt service ratio as inputs to their credit decisions. Financial institutions must make appropriate enquiries into a prospective borrower's income after statutory deductions for tax and EPF, and consider all debt obligations, in assessing affordability, it said in a statement. More in The Star on Saturday |
| Khairy not involved, says Kalimullah Posted: 18 Nov 2011 03:50 AM PST KUALA LUMPUR: The High Court here was told Friday that the decision by the Board of Directors of ECM Libra Berhad to value the company (ECM Libra) at RM330mil had no connection with Member of Parliament for Rembau Khairy Jamaluddin Abu Bakar. ECM Libra Bhd chairman Datuk Seri Kalimullah Masheerul Hassan said Khairy was not involved with ECM Libra at that stage and "it's not because Khairy is the son-in-law of former Prime Minister Tun Abdullah Ahmad Badawi". Kalimullah, who filed a RM50mil defamation suit against lawyer Matthias Chang Wen Chieh, said Khairy joined ECM Libra Bhd in 2004, as a director. "He was a relatively junior staff when he started to work with us. He joined as a director," he said. Kalimullah, former New Straits Times Press Bhd (NSTP) deputy chairman also denied that after ECM Libra was sold to South Peninsular Industries (SPI), preparations were made to bring Khairy into the company as a shareholder on the basis of his relationship with Abdullah, who was also Finance Minister at that time. "People have connection with businessmen and politicians... the more the relationship the more easy for business to be done. It is good to have someone who has good connections," he said. On June 29, 2006, Kalimullah filed a defamation suit after Chang had allegedly made statements against him on June 13 the same year at a press conference, a report of which was published in the Singapore Straits Times through its Malaysian correspondent, Leslie Lau. He is asking for RM50mil in damages, costs, interests and an injunction to restrain Chang from publishing similar words. He said the words in the article meant that he was dishonest and had no credibility, was unreliable, tainted, rotten, faint-hearted, manipulative, and a betrayer of Malaysians. Chang, previously a political secretary to former prime minister Tun Dr Mahathir Mohamad, had also filed a counter-claim against Kalimullah on July 14, 2006, among others, seeking RM150mil in damages. When cross-examined by lawyer Datuk R K Nathan whether that relationship was corrupt practice, Kalimullah said: "So, does it mean every investment banking in town is corrupt?" The hearing before Judge Datuk Asmabi Mohamad continues on Jan 10. - Bernama Full content generated by Get Full RSS. |
| Hisham: Deportation for Indonesians caught for militant activities Posted: 18 Nov 2011 03:42 AM PST Published: Friday November 18, 2011 MYT 7:42:00 PMPUTRAJAYA: The six Indonesian nationals who were detained for involvement in militant activities will be deported to their country of origin, said Home Minister Datuk Seri Hishammuddin Tun Hussein on Friday. As for the seven local men who were detained with the Indonesians, he said, they would be charged in court after investigations were completed. He said all of them were found to have undergone military training and were involved in weapon smuggling. "They are currently detained under the Internal Security Act because the law is still applicable to curb terrorist activities until a new law is formulated in March next year," he told reporters after the post-cabinet meeting here Friday. The arrest of the 13 men came following information that the militants were using Tawau as their transit point for the gathering of weapons from the Philippines. - Bernama |
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