Bankruptcy cases on the rise in Malaysia


KUALA LUMPUR: Most incidents of bankruptcy in Malaysia arise from the sale and purchase of vehicles, making up 26.54% of the total cases between 2007 and this year.

Minister in the Prime Minister's Department Nancy Shukri said some 33,570 Malaysians were declared bankrupt within that period after they faced problems involving vehicle sales transactions.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Government , Malaysia , bankruptcy , Parliament

   

Next In Nation

DPM Fadillah discusses sustainable water management with World Bank, UNECE in Bali
Grievance mechanism, wage determination among key points in Gig Workers Commission
Four plead guilty to cooking at Genting petrol station, fined RM500 each
Immigration officer claims trial to graft
GRS govt must own up to revenue rights court fiasco, says Bung
RHB introduces Apple Pay support, offers up to a total of RM90 cashback until July 31
Maqis seizes mango shipment from Thailand
PM Anwar to address nation tonight
Elderly woman burns to death in fire that razed seven Sibu houses
Vital to reassure public after recent security incidents, says Lam Thye

Others Also Read