High debt, low pay

MALAYSIAN households have nearly RM1.38 trillion worth of debt, exceeding what the federal government owes to its creditors.

Between 2018 and 2021, the household debt in Malaysia has jumped by almost 17%, and this has raised concerns about the country’s debt-servicing ability especially in times of crisis.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Vietnam’s eCommerce moves towards sustainable development
Clean living means US$17bil in lost ‘sin tax’ for UK
Bonds are back
Unilever seeks to ride on boom in condiments
Europe turbo charges its critical minerals drive
Tycoon Naouri’s grocery business in trouble
Can private consumption hold the fort in 2023?
Gamuda set to post strong earnings due to its diversification strategy
TNB in power supply tie-up with GDS
Ringgit in tight range against dollar

Others Also Read