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New Straits Times
10 hours ago
- Business
- New Straits Times
Live pig prices up 4.4 per cent in June, says agriculture minister
KUALA LUMPUR: The farm price of live pigs rose 4.4 per cent year-on-year to RM17.78 per kg in June 2025 due to the effects of the 2022 African Swine Fever outbreak. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said following the African Swine Fever outbreak, the farm price of live pigs has continued to rise. "In June 2024, the price stood at RM17.03 per kg and increased to RM17.78 per kg in June 2025 — marking a 4.4 per cent increase," he said in a written parliamentary reply to Sim Tze Tzin (PH-Bayan Baru). Nonetheless, he said that the ministry has introduced intervention measures to ensure sufficient pork supply in the nation. "To ensure sufficient domestic pork supply, the Agriculture and Food Security Ministry, through the Department of Veterinary Services (DVS), has introduced several intervention measures. "First, facilitating the export of live pigs from Sarawak to Selangor for slaughter. The ministry and the Sarawak government have finalised the export procedures. "Second, Implementing Modern Pig Farming (MPF) and Pig Farming Area (PFA) models in pig-rearing states. "State governments regulate pig farming through State Pig Farming Enactments to ensure the industry remains controlled, environmentally safe, and sustainable," he said. He added that Penang, Perak, Selangor and Sabah have adopted the MPF model, while Sarawak and Negeri Sembilan have implemented the PFA model. Mohamad said that these policies promote sustainable farming through closed-house systems, effective waste management, buffer zones, and good farming practices. The ministry is also conducting engagement sessions with pig farmers, butchers, and importers to address challenges in farming and disease control more effectively.
Barnama
21-07-2025
- Business
- Barnama
Govt Urged To Set Up Credit Scoring Agency To Regulate Eligibility Of Borrowers
BUSINESS KUALA LUMPUR, July 21 (Bernama) -- The government should establish a creditworthiness or credit scoring agency to regulate the eligibility of consumers taking loans, according to Member of Parliament (MP) Sim Tze Tzin (PH-Bayan Baru). He said that with transparent creditworthiness, it can help reduce consumers' financial pressure as well as reduce borrowing money from unlicensed money lenders or syndicates. 'Although in Malaysia we have credit reporting companies such as CTOS, the average citizen does not understand credit scores and does not know his/her own credit scores. "Hence, a transparent creditworthiness or credit score can determine good borrower discipline and be offered other financial facilities such as credit cards, personal loans and others," he said when debating the Consumer Credit Bill (RUUKP) 2025 during its second reading at the Dewan Rakyat here today. Meanwhile, MP Rodiyah Sapiee (PH-Batang Sadong) proposed that the government establish a special 'Buy Now, Pay Later' (BNPL) data centre to ensure the effectiveness of the micro-instrument is maintained. 'All information related to BNPL is collected in a special data centre which is not combined or reported in conventional credit systems such as the Central Credit Reference Information System (CCRIS). 'This is because CCRIS is directly linked to large loan eligibility such as housing and vehicle loans, and if BNPL is included in this system, it could affect the opportunities of low-income consumers to obtain future financing,' he said. He also said that this special data centre could be established under the Consumer Credit Commission to enable specific monitoring of BNPL's credit risk including consumer exposure limits and payment behaviour without disrupting key financial records. -- BERNAMA
The Sun
21-07-2025
- Business
- The Sun
Govt urged to set up credit scoring agency to regulate eligibility of borrowers
KUALA LUMPUR: The government should establish a creditworthiness or credit scoring agency to regulate the eligibility of consumers taking loans, according to Member of Parliament (MP) Sim Tze Zin (PH-Bayan Baru). He said that with transparent creditworthiness, it can help reduce consumers' financial pressure as well as reduce borrowing money from unlicensed money lenders or syndicates. 'Although in Malaysia we have credit reporting companies such as CTOS, the average citizen does not understand credit scores and does not know his/her own credit scores. 'Hence, a transparent creditworthiness or credit score can determine good borrower discipline and be offered other financial facilities such as credit cards, personal loans and others,' he said when debating the Consumer Credit Bill (RUUKP) 2025 during its second reading at the Dewan Rakyat here today. Meanwhile, MP Rodiyah Sapiee (PH-Batang Sadong) proposed that the government establish a special 'Buy Now, Pay Later' (BNPL) data centre to ensure the effectiveness of the micro-instrument is maintained. 'All information related to BNPL is collected in a special data centre which is not combined or reported in conventional credit systems such as the Central Credit Reference Information System (CCRIS). 'This is because CCRIS is directly linked to large loan eligibility such as housing and vehicle loans, and if BNPL is included in this system, it could affect the opportunities of low-income consumers to obtain future financing,' he said. He also said that this special data centre could be established under the Consumer Credit Commission to enable specific monitoring of BNPL's credit risk including consumer exposure limits and payment behaviour without disrupting key financial records. – Bernama
