NUTP urges stricter controls for loan approval, more rigorous assessment to prevent automatic applications without strong justification

Trend reflects personal loan liabilities as employees disproportionately vulnerable to insolvency

Bigger counterparts easily absorb shocks as smaller industry players cut jobs, drop products to avoid going bust

This clears IRB's path to file suit against duo for tax arrears amounting to RM1.69b and RM37.6m, respectively

However, state Insolvency Dept notes downtrend this year thanks to improved financial literacy

Insolvency Dept says new public officers must undergo personal financial management programme