PM says administration projects lower debt rate of 3.8 pct this year

Deputy minister says buying planes won’t impact fiscal deficit either, and will help govt cover development expenditures

Lim Hui Ying says figure is 0.2 pct of nation’s total household dues

Anwar Ibrahim says drastic spending cut would affect Rahmah, healthcare funding.

By Danial Dzulkifly KUALA LUMPUR, July 31 — Prime Minister Datuk Seri Anwar Ibrahim said the government has significantly reduced its new borrowings, bringing it down to RM76.8 billion last year from RM99.4 billion in 2023, as part of efforts to ensure sound fiscal governance. Speaking at the...

By Danial Dzulkifly KUALA LUMPUR, July 31 — Prime Minister Datuk Seri Anwar Ibrahim said the government has significantly reduced its new borrowings, bringing it down to RM76.8 billion last year from RM99.4 billion in 2023, as part of efforts to ensure sound fiscal governance. Speaking at the...

PUTRAJAYA, July 21 — Prime Minister Datuk Seri Anwar Ibrahim said the government has succeeded in reducing annual debt to RM77 billion in 2024 from RM99 billion in 2022.

By Danial Dzulkifly KUALA LUMPUR, July 21 — The Dewan Rakyat today passed the Consumer Credit Bill 2025, paving the way for a unified regulatory framework to oversee non-bank lenders, including buy now, pay later (BNPL) service providers and debt collection agencies. In her wind-up, Deputy...

PUTRAJAYA, July 9 — Higher Education Minister Datuk Seri Zambry Abd Kadir has advised university students nationwide to be cautious and avoid falling into buy now, pay later (BNPL) schemes or high-interest loan traps that could saddle them with unmanageable debt.

By Danial Dzulkifly SHAH ALAM, May 14 — The rapid rise of Buy Now, Pay Later (BNPL) in Malaysia has reinforced the urgent need for stronger regulations to prevent reckless spending that could lead to debt accumulation and defaults, especially among youth with limited financial literacy. While...

By Yasmin Ramlan SHAH ALAM, April 17 — In recent years, the issue of late National Higher Education Fund Corporation (PTPTN) repayments has garnered attention, especially as many young Malaysians struggle with managing their finances. For fresh graduates, the combination of financial...

KLANG, March 23 — The National Entrepreneurial Group Economic Fund (TEKUN Nasional) successfully reduced its non-performing loan (NPL) rate or bad debt to RM120 million last year, down from RM380 million.

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.