CAP Calls for Debt Control in Malaysia
The Consumers’ Association of Penang (CAP) urges the government to take a comprehensive approach to address Malaysia’s rising household debt, which surged from RM1.53 trillion in 2023 to RM1.57 trillion by mid-2024. This alarming figure now stands at 83.8% of the country’s GDP, making Malaysia one of the most indebted nations in the ASEAN region. According to the Ministry of Finance,...
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