New 2012 Financial Guidelines by Bank Negara Malaysia


On the 18th November 2011, Bank Negara Malaysia (BNM) unveiled new financial guidelines to the financial institutions aimed at promoting prudent, responsible and transparent retail financing practices. The guidelines will take effect starting from 1st January 2012.

The guidelines would be applicable to home and vehicle financing, credit and charge cards, personal financing including overdraft facility and financing for the purchase of securities with an exception for share margin financing, which comes under stock exchange rules.

BNM requires all financial institutions to make assessments of a borrower’s ability to afford financing facilities based on a prudent debt service ratio.

The table below is the summary of the guidelines.

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20% Rebate on Toll Expenditures with Touch ‘n GO

touch n go

The government is currently having a 20% toll rebate scheme for those who use 80 toll transactions and above on a single Touch ‘n Go card. The scheme has been announced by the Prime Minister Dato’ Sri Mohd Najib bin Tun Haji Abdul Razak in commemoration of his “100 hari Najib Bersama Rakyat”. This scheme begins in September 2009.

If you are a frequent toll user of more than 80 times per months, it is recommended to have Touch ‘n Go card so that you could enjoy this rebates. To participate all you have to do is pay your toll with Touch ‘n Go card. If you have at least 80 times toll transaction per month bring your Touch ‘n Go card and visit Touch ‘n go hubs at Faber Towers or KL Sentral; or selected Highway Sales Centre. The 20% rebate will be credited to your card immediately. You could start do the claiming on the 5th of the following month.

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