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KUALA LUMPUR: A group of extortionists are believed to be threatening would-be borrowers, splashing paint on their houses and vehicles, to force them into taking soft loans.
Ever since the Pakatan Harapan government came to power, one of the things we learned was the total amount of government debt that Malaysia now have, which comprise not only the official government debt, but also two other components – committed government guarantees and lease payment for Private-Public Partnership (PPP) projects as well as debts related to 1MDB.
KUALA LUMPUR: Kinsteel Group Bhd has secured creditors' approval for its scheme of arrangement (SOA) to undertake its regularisation exercise which involved holders of its corporate guarantees to undertake a massive haircut.
From KANASON POTHINIKER, Department of Standards (retired 1992), Shah Alam.
KOTA KINABALU: Prime Minister Tun Dr Mahathir Mohamad’s proposal to sell Petronas stakes in oil-producing states in lieu of royalty payments is misguided, says Sabah DAP secretary Chan Foong Hin
BANGKOK (Reuters): Burmese migrants who were illegally charged excessive recruitment fees to secure jobs at an electronics manufacturer in Thailand are being compensated in a rare award expected to spotlight a practice known to trap workers in modern slavery.
KANGAR: The state government’s debts increased by 2.8% or RM10.99mil to RM403.32mil last year from RM392.33mill in 2017, said Auditor-General Datuk Nik Azman Nik Abdul Majid.
SEOUL: The founder of the defunct Daewoo Group, Kim Woo-choong, has died after watching the conglomerate he built into a symbol of South Korea's manufacturing prowess become one of its biggest corporate failures, crushed by debt.
KUALA LUMPUR: Low-income Malaysians and millennials are piling up debts and risking bankruptcy by turning to banks for loans and credit cards to support their lifestyle choices, says a World Bank Group report.
PETALING JAYA: There seems to be some repositioning of foreign funds in the Malaysian capital market.