Malaysia's household debt rises to about 423 billion USD
Hanoi, July 2 -- Malaysia's household debt rose to 1.73 trillion MYR (about 423 billion USD) at the end of March although the debt-to-GDP ratio edged down slightly. Malaysian Prime Minister Datuk Seri Anwar Ibrahim was quoted by local media as saying that household debt stood at 84.4% of gross domestic product (GDP) at the end of the first quarter, down marginally from 84.7% three months earlier. According to the Malaysian government's assessment, debt growth has remained broadly in step with economic expansion and income gains, easing concerns that households may be becoming increasingly overstretched amid uncertainty in the global economy. In a written parliamentary reply, PM Anwar, who is also Finance Minister, said the government and Ba...
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