Lim said that currently, the government had no plans to permit households to withdraw funds from Employees Provident Fund (EPF) accounts to reduce the burden of household debt.
In terms of volume, the counter saw 7.
A quarter of household borrowers had DSRs exceeding 60%, and they accounted for 33.
Johan said the government is also working on ways to reduce subsidies for diesel that has seen huge leakages.
KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.
KUALA LUMPUR (Aug 18): The new prime minister set to be chosen soon must still seek a vote of confidence as soon as possible, Comptroller of the Royal Household Datuk Ahmad Fadil Shamsuddin announced today.
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.
KUALA LUMPUR (Nov 6): The overall household debt increased by 4% to RM1.
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KUALA LUMPUR (July 10): The Statistics Department said today the absolute poverty rate in Malaysia improved from 7.
KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said today household debt, as measured by the household debt-to-gross domestic product (GDP) ratio, expanded at a faster pace in the second half of 2019, primarily driven by loans for the purchase of residential properties.
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