Friday, March 25, 2005

Bank Negara relaxes rules for overseas investment

This is The Star's headlines yesterday, March 24.

KUALA LUMPUR: Malaysian individuals and corporations
who are debt-free can now take any amount of their
money abroad effective April 1.

Previously, individuals could only repatriate up to
RM10,000 overseas without obtaining permission from
Bank Negara.

Credit card debt and housing and car loans are not
considered as debt or credit facilities. Read more...

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