Making headlines today, is the confirmation by Bank Negara that interest will now be charged on the deferred instalments of hire-purchase loans and fixed-rate Islamic financing. To many, this runs contrary to the FAQ that BNM released on the 30th of March - in which it was stated that the 6-month instalment deferment would not incur interest charges. Melisa Idris and Sharaad Kuttan speak to Liew Ooi Hann, CEO of RinggitPlus dot com.
