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Housing Loan Division Proposed As Statutory Body

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PUTRAJAYA – The Housing Loan Division (BPP) under the Treasury has been proposed to serve as a statutory body to maintain benefits enjoyed by civil servants in a more effective service, said Deputy Finance Minister Datuk Ahmad Maslan.

He said the proposal was subject to requirements under the Housing Loan Scheme, which will be created by maintaining the benefits currently enjoyed by civil servants.

“Management of housing loans under a statutory body will not be a loss to civil servants, but rather the service will be more efficient and effective,” he said when commenting on a report by the Congress of Unions of Employees in the Public and Civil Services (Cuepacs) object the abolishment of the BPP.

Replacing the BPP with a government-linked company or financial institution will result in civil servants no longer being able to enjoy the current housing loan facilities.

Ahmad said this to reporters after holding a meeting with representatives from Umno Youth and Suara Anak Muda 1Malaysia on the submission of a memorandum to the ministry on the 2015 Budget.

He said the BBP and appointed consultants for the statutory process were preparing a bill on setting up the statutory body and new remuneration scheme for its staff.

Talks with Cuepacs are expected once the bill on setting up the statutory body was approved, he added. – Bernama

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