KUALA LUMPUR, Dec 4 — A total of 13 per cent of the 477,571 borrowers registered with the Credit Counselling and Debt Management Agency (AKPK) have fully settled debts exceeding RM3.2 billion, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, Nov 11 — The trend of declining fiscal deficit reflects the government’s commitment to reducing the debt-to-gross domestic product (GDP) ratio, ensuring it stays below 60 per cent in the medium term, as stipulated by the Public Finance and Fiscal Responsibility Act 2023.

KUALA LUMPUR, Oct 1 — The Credit Counselling and Debt Management Agency (AKPK) reports that 53,000 individuals under 30 are burdened by nearly RM1.9 billion in cumulative debt.

KUALA LUMPUR, July 23 — In line with the Public Finance and Fiscal Responsibility Act 2023, the government is committed to reducing its debt-to-gross domestic product (GDP) ratio to 60 per cent within five years from the current 64 per cent to ensure a sustainable fiscal position, said Treasury secretary-general Datuk Johan Mahmood Merican.

KUALA LUMPUR, July 18 — Three local men will be charged at the Kajang Court Complex tomorrow for allegedly murdering their friend over the RM7,000 that he owed.

KUALA LUMPUR, May 23 — Bank Negara Malaysia's (BNM) international reserves increased to US$113.3 billion (US$1= RM4.71) as of May 15, 2024, up from US$112.8 billion on April 30, 2024.

KUALA LUMPUR, March 11 — The collaboration among Bank Negara Malaysia (BNM), government-linked companies (GLCs) and government-linked investment companies (GLICs) is seen as positive and has helped to strengthen the ringgit, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

SEREMBAN, Jan 18 — A police inspector is among seven individuals arrested on suspicion of being involved in the abduction of a Bangladeshi man on January 10.

By Sofia Nasir SHAH ALAM, Jan 11 — Yayasan Hijrah Selangor is engaging with collection agents to retrieve outstanding loans that have ballooned to over RM100 million from some 16,000 businesses since 2015.  Its chief executive officer Datuk Mearia Hamzah said the state subsidiary is also...

By Nas Norziela Nasbah SHAH ALAM, Nov 15 — Selangor’s target of fully settling its remaining debts with the Federal government by next year has been described as a courageous move reflecting the state government’s ability to manage its coffers well. [caption id="attachment_335112"...

KUALA LUMPUR, Oct 20 — Darkness and pain engulfed Mad Noor, 65, (not his real name) after he was declared bankrupt over a bank loan two years ago, forcing him to wind up his printed fabric operation in Rawang, Selangor.

HONG KONG, Oct 9 — China's Country Garden may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country's largest private property developer faced another looming debt deadline.

KUALA LUMPUR, May 23 – The amendment to the Insolvency Act 1967 will allow two more categories of bankrupt individuals to qualify for discharge the Director General of Insolvency’s certificate of discharge without going through debtors’ objections, Minister in Prime Minister’s Department Datuk Seri Azalina Othman said.

KUALA LUMPUR, May 20 — Istana Budaya's move to implement a new standard operating procedure (SOP), beginning last year, with regard to the process and full procedure of renting its main hall, Panggung Sari, has helped overcome the national theatre’s problem of outstanding debts, which it has faced since 2010.

KUALA LUMPUR, March 30 — The Federal government's debt is expected to be fully settled in 2053 if no new loans were to be taken to finance the deficit and to refinance maturing debts from 2024 onwards, said the Finance Ministry (MoF).

KUALA LUMPUR, Feb 18 — Felcra Bhd has clarified that the remaining loan arrears of its participants, amounting to RM312.22 million as of December 31, 2021, has been converted from government loan to equity.

KUALA LUMPUR, Feb 16 — Felcra Bhd was unable to settle debt arrears amounting to RM312.22 million in 2021, up from RM82 million in the preceding year, according to the Auditor-General’s Report (LKAN) 2021 Series 2.

KUALA LUMPUR, Feb 14 — The government has no plans to reinstate the Goods and Services Tax (GST) or introduce any other broad-based consumption tax as a means of addressing the national debt issue, said Prime Minister Datuk Seri Anwar Ibrahim.

COLOMBO, April 29 — Domestic debt in the form of government securities and development bonds will not be restructured as restructuring external debt is a top priority for Sri Lanka, reported Xinhua, quoting the central bank governor on Thursday.

KUALA LUMPUR, March 21 — The latest data on the country’s economic growth, fiscal situation and government debts, as well as methods to reduce deficit and debts, will be among issues to be raised at the Dewan Rakyat today.