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Summary: 1.The household debt of Malaysians stands at RM1,030bil or 89.1% of the gross domestic product (GDP). 2.62.6% of household debt in Malaysia was for long-term loans from banks and non-banking financial institutions for property acquisition and financial investments. 3.Several measures implemented has led to a decrease in household debt growth by 6.5% this year [...]
Increasing concern over household debt and bankruptcies within younger generation in Malaysian Increasing worries over household debt and bankruptcies within these younger generation have definitely encouraged numerous strategies on precisely how to help deal with the issue at source. Aside through the predicted curbs upon property or home loans as well as possible restrictions with [...]
