Agencies rely on trade references supplied by the subject companies, who often respond slowly and list best-paid vendors. Standard terms are usually thirty, sixty or ninety days. Payments are made by cash, check, letter of credit, wire transfer, document against payments and document against acceptance. Address falsifications and obsolete P.O. box numbers are common problems. Tracing a debtor through the post office is impossible since the post office does not release forwarding information.
Laws are adequate, but enforcement is slow, as courts are overbooked.
The bankruptcy process takes time, giving debtors the opportunity to transfer assets to family members to avoid seizure. Owens OnLine, Inc. a worldwide credit reporting agency, providing credit reports on Malaysian companies and individuals. They also provide company directories. The Credit Manager is an eight page, monthly newsletter serving the commercial credit and collection community. Inc. All Rights Reserved.