More News
LENDING & CREDIT | Cesar Tordesillas, Malaysia

Car manufacturer urges banks to be considerate in implementing guidelines

Perodua urged local banks to implement new guidelines in stages to allow a soft landing for both the players and consumers.


Managing Director, Datuk Aminar Rashid Salleh, said the soft landing is to allow for prudent, responsible and transparent retail practices.

He said the financial institutions should also take into consideration the government's desire to see growth in the industry by increasing competitiveness as well as a better business environment for all.

"We are committed to support the government's initiatives, particularly in addressing rising household debt, but we would also appreciate it if the government and regulatory bodies would consult the players to better understand the impact to the industry prior to the implementation of any new initiatives or measures," he said in a statement Tuesday.

For the source of this story, click here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.