It has an entitlement that is devoid of responsibility and that is why the country is facing this RM40 billion hole in our national coffers.
They have since found that they cannot make good this promise. Thus, like the populist measure of cancelling traffic summonses, loan defaulters are similarly waiting for the next populist measure by the government and so they withhold payment of their loans.When I was Principal of New Era College that was set up by the Malaysian Chinese community, our loans repayment was almost 100 per cent.
If the government has the political will to carry through good governance and reform, they can do this through the appropriate legislation and ensure that there is enforcement of the loan contracts to show that they mean business.
Source: Loan News Today (loannewstoday.net)
Pandering & wanting 2b populist has bn d core drive by BN 2 allow defaulters lots of room 2 play around & 2day, PH is cntinuing it instead of making that painful decision 2 stop.
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