Our Household Debt Stands At RM1billion

Summary: 1.The household debt of Malaysians stands at RM1,030bil or 89.1% of the gross domestic product (GDP). 2.62.6% of household debt in Malaysia was for long-term loans from banks and non-banking financial institutions for property acquisition and financial investments. 3.Several measures implemented has led to a decrease in household debt growth by 6.5% this year [...]