KUALA LUMPUR, Oct 28 — A considerable number of Malaysians are still adopting a short-term mindset when it comes to financial management, according to Bank Negara Malaysia (BNM)...
Muslim Care Malaysia: Three trailers carrying RM7.2m worth of humanitarian aid partly donated by Malaysians headed to Gaza by Monday
Many Malaysians have a lackadaisical attitude in managing their financial risks, including when facing unforeseen situations, he said. Abdul Rasheed said it is worrying that Malaysians’ financial knowledge is not growing in line with their financial management attitude and behaviour.According to Credit Counselling and Debt Management Agency data, many Malaysians have to go into debt when in need of money during emergencies.
“Research has found that 37 per cent of Malaysians share their passwords and personal identification numbers with families and friends,” he disclosed.Therefore, Abdul Rasheed said, everyone must have knowledge about various financial products and their suitability — including how to manage debt, assess risks and returns of investments, and take steps to safeguard against becoming a victim of financial fraud and scams.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BNM governor raps those with short-term mindset in managing financesKuala Lumpur: A considerable number of Malaysians are still adopting a short-term mindset when it comes to financial management, according to Bank Negara Malaysia (BNM) governor Abdul Rasheed Ghaffour.
Read more »
BNM governor raps those with short-term mindset in managing financesAbdul Rasheed Ghaffour says nearly half of Malaysians have difficulty setting aside RM1,000 for emergencies and are uninterested in buying insurance.
Read more »
Ramai bersikap ‘jangka pendek’ dalam pengurusan kewangan, kata gabenor BNMAbdul Rasheed Ghaffour berkata separuh daripada rakyat sukar menyediakan RM1,000 bagi kecemasan.
Read more »
BNM keluar notis FinTIP ancaman serangan penggodam pro-IsraelBank Negara Malaysia (BNM) menegaskan pihaknya bersama industri kewangan sentiasa berkongsi maklumat mengenai kemungkinan ancaman yang bakal
Read more »
Ahli Parlimen Kuala Kangsar diminta jawab surat tunjuk sebab sokong PMSetiausaha Agung Bersatu Hamzah Zainudin berkata langkah itu dibuat sebelum sebarang tindakan diambil ke atas beliau mengikut perlembagaan parti.
Read more »
Bersatu issues show cause letter to Kuala Kangsar MP for backing Anwar govtKUALA LUMPUR, Oct 27 — Parti Pribumi Bersatu Malaysia said today it has issued its Kuala Kangsar MP Datuk Iskandar Dzulkarnain Abdul Khalid with a show cause letter following the...
Read more »