The implementation of electronic invoicing should not significantly impact the auto loan market, said Malaysian Automotive Association president Mohd Shamsor Mohd Zain. — Picture by Hari AnggaraKUALA LUMPUR, July 16 — The implementation of electronic invoicing should not significantly impact the auto loan market, said Malaysian Automotive Association president Mohd Shamsor Mohd Zain.
“Bank Negara Malaysia has imposed strict regulations to ensure responsible banking practices under the Hire-Purchase Act. Yesterday, Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz stated that the implementation of e-invoice, scheduled to begin next month, would not affect overall vehicle sales this year.
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