Finance Minister Lim Guan Eng confirmed in a statement today that the Association of Banks in Malaysia has terminated the charges. — Reuters pic
“The ministry welcomes the termination of transaction charges imposed by commercial banks on cash and cheque transactions for credit cards and loan repayments over the counter of up to RM2, and at Cash Deposit Machines of up to RM0.50,” he said in a statement. Lim said the transaction charges were first implemented in December 2017 under the previous government to promote migration to e-payments.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finance Ministry lauds banks for dropping transaction feesPETALING JAYA: The Finance Ministry has commended the move by commercial banks to drop the charges for over-the-counter cash and cheque transactions for credit card and financing repayment. It was the Star that broke the news that ended this nonsense! Was it not the duty of YBs to protect the interest of the Rakyat in the first place? Or, everybody (YBs) scrambling to save their arses in the coming 15th GE? 😜 Should blam The Star to leak the news It was peoples awareness thru responsible media reporting and finally peoples power..Who can say NO...to their reasonable request and requirement..chedetofficial guanenglim anwaribrahim
Source: staronline - 🏆 4. / 75 Read more »
No more charging fees for credit card and finance repaymentsABM said its member banks would be communicating with customers including via the banks’ websites.
Source: malaysiakini - 🏆 20. / 51 Read more »
Finance Ministry: Putrajaya on track to meet 3.4pc GDP deficit for 2019 | Malay MailKUALA LUMPUR, Sept 26 — The federal government will be able to meet its target and achieve a 3.4 per cent fiscal deficit-to-Gross Domestic Product (GDP) ratio for 2019, the Ministry of Finance said today. Its minister Lim Guan Eng said this means that the government will be raising a nett direct...
Source: malaymail - 🏆 1. / 86 Read more »