Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

The Ah Long epidemic: How rigid banks and a missing safety net fuel Malaysia’s hidden poverty

By Murray Hunter MALAYSIA’S official economic narrative is one of resilience and progress. GDP growth figures are regularly bandied about, household debt is cited at around 84% of GDP, and poverty…

  • Illegal loan sharks, or Ah Longs, exploit desperate Malaysians for borrowing.
  • Banks reject borrowers due to lack of collateral, imperfect credit, or insufficient documentation.
  • Expanding microfinance and social safety nets can provide alternatives to the Ah Long problem.

SBP reacts to social media post

KARACHI: The State Bank of Pakistan (SBP) has taken notice of a misleading headline on a social media platform suggesting that the Financial Action Task Force (FATF) has identified Raast as a channel…

More from Friday 4 September →