Latest Breaking News On - Malaysian financial literacy - Page 1 : vimarsana.com

Published on: Sunday, January 17, 2021 By: Jason Loh Text Size: WITH the reimposition of the movement control order (MCO) which impacts the economy though less severe so compared to MCO 1.0, we may be witnessing the beginning of a housing loans crisis in the making. This near-apocalyptic scenario may not sound palatable for banking stocks and could well be just hypothetical. But we need to ensure such a hypothetical scenario can be averted and also simultaneously prepare to mitigate the fallout should pre-emption be not possible.  The backdrop to this is Malaysia being well-known as having one of highest household debt ratios in Asia and the highest in Asean. Looking at the data, our household debt to GDP ratio was reported at 82.2pc in June 2019. Bank Negara’s Financial Stability Review (Second Half, 2019) highlighted that household indebtedness level increased to 82.7 as at the end of 2019, driven by housing loans. According to Bank Negara Malaysia’s Financial Stability Re

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