Economic Report 2021/2022: Household debt swells to RM1.34 trillion, 89.6% of GDP
KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.
Sentral REIT plans to raise up to RM3b via debt programmes for investments, working capital, and to refinance borrowings
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.
Dewan Rakyat passes second reading of bill to raise statutory debt limit to 65%
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.
Govt tables bill to raise debt limit
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).
Malaysia’s household debt-to-GDP ratio improves to 89.6% at end-June
KUALA LUMPUR (Sept 29): Malaysia’s overall household debt-to-gross domestic product (GDP) ratio improved to 89.
Evergrande debt crisis will not have a major impact on Country Garden, say analysts
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.
Report: Low interest rates ‘fuelling’ debt accumulation by households
KUALA LUMPUR (June 19): Historically low interest rates are “fuelling” debt in Malaysian households, “which have funnelled loans mainly to the purchase of residential properties and passenger cars”, The Edge Malaysia reported this week.
Malaysia's household debt-to-GDP ratio at new peak of 93.3% as at December 2020, says BNM
KUALA LUMPUR (March 31): Bank Negara Malaysia (BNM) said today Malaysia's household debt-to-gross domestic product (GDP) ratio had risen to a new peak of 93.
1MDB says it still has RM32.3b outstanding debt
KUALA LUMPUR (March 26): 1Malaysia Development Bhd (1MDB) still has an RM32.
Automatic approval for extended moratorium on loan repayment for B40 and micro enterprises
KUALA LUMPUR (Nov 26): The government has instructed banks to automatically approve applications to freeze loan repayments by applicants in the bottom 40% income group (B40) as well as micro enterprises with debts of below RM150,000.
