Malaysia’s private sector debt soaring

**** Photo only***** Khazanah Nasional Berhad office which located in U.A.B building at Gat Lebuh China in George Town, Penang yesterday. - Starpic by MUSTAFA AHMAD / The Star / 26 July 2018.

PRIVATE sector debt in Malaysia is on the rise as business expansion continues to be fuelled by debt accumulation over the years.

By end-2018, total credit to the Malaysian private non-financial sector had touched RM1.94 trillion. This is a sharp increase from just RM906bil in 2009, according to the Bank for International Settlements’ data.