Household debt stands at RM1.03tril, says Chua


KUALA LUMPUR: Malaysia's household debt stood at RM1.03tril or 89.1% of gross domestic product (GDP).

Deputy Finance Minister Datuk Chua Tee Yong (pic) said 62.6% of household debt was in long-term loans from banks and non-banking financial institutions for property acquisition and financial investments.

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!

Malaysia , household debt , RM1.03tril , GDP , Parliament

   

Next In Nation

Malaysian student recalls ordeal on Singapore Airlines flight, says those without seatbelts flung to the ceiling
Azmin called up over leaked PKNS documents, not remarks at state assembly, say cops
PM announces rationalisation of diesel subsidy
Anwar to make three-day working visit to Japan
Hardware store probed for allegedly selling nails at 20sen each
Robber who slashed moneylender in Kudat nabbed
Exhibition on Hang Tuah boosted by artefact loan from Indonesian heir
Mohamad Sabu to represent country at Iranian President Ebrahim Raisi's funeral, says Anwar
Broken pipe being repaired on Jalan Tun Razak, says Air Selangor
Man feared drowned after being swept away on boat in Kinabatangan river

Others Also Read