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Here's an eye-popping statistic: Malaysian civil servants borrowed an average of RM6.4bil in December last year and January this year. This was highlighted by Bank Negara in its recent annual report.
Sapura Energy Bhd, which is saddled with RM10.73bil of debt, has secured approval from its creditors for its proposed debt restructuring plan.
PETALING JAYA: Sapura Energy Bhd, which is saddled with RM10.73bil of debt, has secured approval from its creditors' approval for its proposed debt restructuring plan.
KUALA LUMPUR: A retired man has endured weeks of harassment from a debt collection company over a debt he never owed.
KUALA LUMPUR: Demanding money, behaving like thugs and refusing to divulge who sent them, a retired man has been harassed by a debt collecting company for a debt he does not owe.
The Philippines’ outstanding external debt stood at US$139.64 billion as of the end of September, up 17.5% against the same period last year, its central bank Bangko Sentral ng Pilipinas (BSP) has said.
Sapura Energy Bhd, which is in the spotlight following a proposed RM1.1bil cash injection from the government to repay unpaid vendors, could achieve sustainable profit from financial year 2027 (FY27).
KUALA LUMPUR: A family is being harassed by loan sharks who refuse to disclose the outstanding debt of their late relative.
NEW YORK (Reuters) - Shares of Microchip Technology fell more than 3% on Wednesday after the chipmaker announced plans to raise capital by offering $1.35 billion of convertible stock.
KUALA LUMPUR: The government's RM1.1bil investment in Sapura Energy Bhd (SEB) is a crucial lifeline for vendors grappling with severe cash flow challenges due to outstanding payments, amounting to approximately more than RM10mil, offering a much-needed boost to the local oil and gas ecosystem.
The amount of credit card debt not paid by the due date hit a record high late in 2024, but the level of indebtedness is not ringing any alarm bells yet.
BANDAR SERI BEGAWAN: A foreign national suspected of being involved in a Macau Scam syndicate that caused losses exceeding BND240,000 has been arrested by the Cyber Crime Investigation Division (BSJS) of the Criminal Investigation Department (JSJ), Royal Brunei Police Force (RBPF), according to a press release from RBPF.
Washington: US Treasury Secretary Janet Yellen says her department is likely to begin taking special accounting manoeuvers sometime in mid-January to avoid breaching the US debt limit, and urged lawmakers to take action defending the “full faith and credit” of the United States.
PETALING JAYA: Most Malaysians who opted in for Employees Provident Fund's (EPF) Account 3 withdrew the funds to settle debts and outstanding loans, according to a poll by The Star.
SHAH ALAM: Actor Rozita Che Wan, better known as Che Ta, has paid off part of her loan debt to Majlis Amanah Rakyat (Mara), amounting to RM550,000, reports Malay language daily Sinar Harian.
CAIRO, Dec. 25 (Xinhua) -- Egypt paid 38.7 billion U.S. dollars of its outstanding debts in 2024, of which 7 billion were paid in November and December, Egyptian Prime Minister Mostafa Madbouly said on Wednesday.
ACTRESS Rozita Che Wan claimed she has settled her outstanding debt of nearly RM1mil with Majlis Amanah Rakyat (Mara), reported Berita Harian.
JOHOR BARU: A 27-year-old hawker centre waitress claimed she has lost her job after being harassed by a loan shark over a RM300 debt.
Banks that acquire weak banks will enjoy various preferential policies, such as refinancing loans with preferential interest rates and a reduction of required reserve ratios.
Though bad debts increased in the third quarter of this year (3Q24), they are expected to slow in the near future as macroeconomic factors are supporting the handling of the debts.
