News about debt

In a bourse filing, the property developer said it had entered into a conditional settlement agreement with Rampai Fokus Sdn Bhd (RFSB) — an indirect wholly-owned unit of its major shareholder, Iskandar Waterfront Holding Sdn Bhd — to convert the amount it owed to RFSB into IWCity shares.

AZRB said, however, that AZSB is not a major subsidiary of the company and that it does not anticipate any financial and operational impact due to the filing of the petition.

In a Bursa Malaysia filing on Friday (April 28), the property developer said it had entered into a settlement and subscription agreement with Tan Sri Tan Chee Sing through his wholly-owned T Shares 1 Sdn Bhd (TSSB), to settle the amount owed.

A quarter of household borrowers had DSRs exceeding 60%, and they accounted for 33.

KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.

KUALA LUMPUR (Oct 16): Sentral REIT (formerly MRCB-Quill REIT) has lodged debt programmes with the Securities Commission, through which it plans to raise up to RM3 billion in combined aggregate value to finance its investment activities and general working capital, as well as to refinance its borrowings.

KUALA LUMPUR (Oct 11): The Dewan Rakyat on Monday passed the second reading of the government’s bill to increase the statutory debt limit to 65% of gross domestic product (GDP) from 60% previously.

KUALA LUMPUR (Oct 11): The government on Monday tabled the Temporary Measures for Government Financing (Coronavirus Disease 2019) Amendment Act 2021 Bill to increase the federal government’s statutory debt limit from 60% to 65% of gross domestic product (GDP).

KUALA LUMPUR (Sept 29): Malaysia’s overall household debt-to-gross domestic product (GDP) ratio improved to 89.

KUALA LUMPUR (Sept 25): The Evergrande Real Estate Group debt problem will not have a major impact on “the financial health and operations” of Country Garden Holdings Co Ltd in Malaysia, a number of analysts “monitoring the situation” told The Edge Malaysia this week.