A 'GREEN' INITIATIVE
With effect from September 2015, Malaysian households will be
required to practise mandatory garbage separation, an initiative
which is intended to benefit the environment. Besides educating the
public on how to dispose of garbage in a proper manner, this
practice would also increase awareness on waste segregation and
recycling. Notices will be issued to those who flout the rule, and
a maximum fi ne of MYR1,000 imposed on errant households.
BNM:
NEW RULE ON R
& R LOANS
Bank Negara Malaysia ("BNM") has revised the
guidelines on Restructured and Rescheduled ("R & R")
loans. Under the new guidelines, with effect from 1 April 2015, R
& R loans will be classified as impaired in the Central Credit
Reference Information System ("CCRIS"). An R & R
facility is where a modification has been made to the original
repayment terms and conditions of the loan, following an increase
in the credit risk of a customer.
