Kuala Lampur, Aug. 10 -- Malaysia needs a new definition of delinquent loans, former finance minister Tun Daim Zainuddin said today.
The adviser to Prime Minister Tun Dr Mahathir Mohamad also said a new progressive approach to helping the country's lowest income earners who make up 40 per cent of workers, known as the B40, is needed.
In a commentary published by The Edge today, the former Council of Eminent Persons chair said more out-of-the-box thinking is needed to help small and medium enterprises thrive, adding that good access to banking and credit sources is a must.
"We Malaysians need to review the definition of delinquent loans and take a developmental approach.
"Certain lenders like SME Corp and Agro Bank have a different manda...