Tag: Malaysia

PM Anwar says the loan option allows quick financing without members dipping into their pensions but analysts say loan applicants already face high default risk
Anwar has been under pressure for a fresh round of withdrawals from the pension fund, after his predecessors allowed four rounds of withdrawals in 2020-2022

Malaysia’s government needs to carefully weigh the risks of allowing members of a national private pension fund to use their savings as “support” to secure personal loans, experts have said, as Prime Minister Anwar Ibrahim pushes ahead with the plan to help households in financial distress from the Covid-19 pandemic.

Anwar this week defended the move, saying that it was one of several measures that the government is considering to help households get back on their feet without allowing further withdrawals from the Employees Provident Fund (EPF), as had been done during the pandemic years.

Roger Ng convicted on all three counts: The jury convicted Ng of two counts of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) through bribery and circumvention of Goldman’s internal accounting controls, as well as one count of conspiracy to commit money laundering.