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Consider This: Youth in Debt (Part 1) — The Price of Financial Illiteracy on Youth?

Consider This: Youth in Debt (Part 1) — The Price of Financial Illiteracy on Youth?

The Credit Counseling and Management Agency (Agensi Kaunseling dan Pengurusan Kredit, AKPK) recently reported that 65% of the total number of the agency’s clients as of March were those aged between 28 and 30. That’s some 53,000 youths seeking AKPK's services to restructure their debts, worth nearly RM1.9 billion in total. What are the implications of this staggering statistic, and what systemic factors are contributing to the financial struggles faced by young Malaysians today? On this episode of #ConsiderThis Melisa Idris speaks to Clare Walker, CEO of the Financial Industry Collective Outreach (FINCO) a non-profit organisation set up by the financial industry to deliver educational initiatives to underprivileged children and youth.
Mon May 13 2024
Consider This: Youth in Debt (Part 2)— 53,000 Youths Seeking Help To Manage Debt

Consider This: Youth in Debt (Part 2)— 53,000 Youths Seeking Help To Manage Debt

The Credit Counseling and Management Agency (Agensi Kaunseling dan Pengurusan Kredit, AKPK) recently reported that 65% of the total number of the agency’s clients as of March were those aged between 28 and 30. That’s some 53,000 youths seeking AKPK's services to restructure their debts, worth nearly RM1.9 billion in total. What are the implications of this staggering statistic, and what systemic factors are contributing to the financial struggles faced by young Malaysians today? On this episode of #ConsiderThis Melisa Idris speaks to Nirmala Supramaniam, Head of the Household Financial Education Department at AKPK, an agency under Bank Negara which helps individuals with the responsible use of credit.
Mon May 13 2024
Budget 2024: Second chance policy on bankruptcy expanded - PM

Budget 2024: Second chance policy on bankruptcy expanded - PM

Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 discharged from bankruptcy.
Fri Oct 13 2023
31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal

31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal

The govt has implemented several initiatives including bankruptcy discharge for those declared bankrupt for debts below RM50,000.
Mon Jun 26 2023
Najib intended to shut down 1MDB in 2015 - Edge chairman

Najib intended to shut down 1MDB in 2015 - Edge chairman

The chairman of The Edge Media Group today told the High Court that Najib Razak had intended to shut down 1MDB due to its serious financial debts.
Mon Nov 21 2022
All outstanding payments concerning DASH Highway must be paid - PM

All outstanding payments concerning DASH Highway must be paid - PM

Ismail Sabri said the Works Ministry must also explain the unpaid debts.
Tue Oct 18 2022
KPLB considering writing off RM230 mln of FELCRA settlers' debts - Mahdzir

KPLB considering writing off RM230 mln of FELCRA settlers' debts - Mahdzir

KPLB is considering disposing of the debts of 20,000 FELCRA settlers amounting to RM230 million, says its minister Datuk Seri Mahdzir Khalid.
Sat Oct 01 2022
Only 2.5 pct of federal govt debt is foreign-denominated  - Tengku Zafrul

Only 2.5 pct of federal govt debt is foreign-denominated - Tengku Zafrul

The claim that Malaysia owes a lot of money to Indonesia is not true as only 2.5 pct of federal government debts are foreign-denominated.
Fri Aug 26 2022
Terengganu pays RM472.78 million in federal debts - MB

Terengganu pays RM472.78 million in federal debts - MB

Ahmad Samsuri said the balance in debt still owed by the state government to the federal government as of June 30 is RM267.09 million.
Mon Jul 25 2022
Govt still needs to cover RM17 bln shortfall to repay 1MDB debts - Tengku Zafrul

Govt still needs to cover RM17 bln shortfall to repay 1MDB debts - Tengku Zafrul

Tengku Zafrul said the govt had repaid RM13.31 billion of 1MDB's loans and interest through the ministry's Assets Recovery Trust Account.
Mon Mar 14 2022
Scams: Muslims urged to remain vigilant, not to be easily deceived

Scams: Muslims urged to remain vigilant, not to be easily deceived

It is reported that many have lost their savings after being cheated and some have been burdened with huge debts.
Fri Jan 21 2022
Najib signed letter of support for gov't to settle 1MDB's US$3 bln debt - Witness

Najib signed letter of support for gov't to settle 1MDB's US$3 bln debt - Witness

The High Court was told today that the Malaysian government had taken the responsibility to pay the debts of 1MDB amounting to US$3 billion if the company failed to do so.
Thu Nov 18 2021
US$3 bln used for donations, settle debts and not to fund 1MDB JV, court told

US$3 bln used for donations, settle debts and not to fund 1MDB JV, court told

The High Court was told today that the US$3 billion bond guaranteed by the Malaysian government to 1MDB GIL was never used for its intended purpose of funding a 1MDB joint venture.
Tue Nov 16 2021
Unremorseful Najib at it again throwing confusions on government loans and debts

Unremorseful Najib at it again throwing confusions on government loans and debts

The KWAN fund mainly for purchasing vaccines is not a loan but conveniently inserted to increase government loan.
Fri May 28 2021
1MDB intended to pay off its bank loans, debts from IPO proceeds, court told

1MDB intended to pay off its bank loans, debts from IPO proceeds, court told

The High Court here today heard that the 1Malaysia Development Berhad (1MDB) intended to use the proceeds from its Initial Public Offering (IPO) to pay off its existing bank loans and debts.
Thu May 27 2021
Polis tahan Rajesh Kapoor curi barang kemas penumpang dalam 200 penerbangan

Polis tahan Rajesh Kapoor curi barang kemas penumpang dalam 200 penerbangan

Seorang lelaki di India ditahan kerana disyaki mencuri barang kemas dan barang berharga lain daripada penumpang pesawat semasa 200 penerbangan yang dinaikinya sejak tahun lepas.
Wed May 15 2024
KBS bantu atlet kayak dilanggar pemandu mabuk - Adam Adli

KBS bantu atlet kayak dilanggar pemandu mabuk - Adam Adli

KBS akan memberi bantuan kepada atlet kayak, Siti Nurul Masyitah Elias yang parah akibat dilanggar oleh seorang pemandu mabuk di Johor Bahru pada Sabtu.
Wed May 15 2024
EPL: Jurgen Klopp renung Anfield menjelang aksi terakhir bersama Liverpool

EPL: Jurgen Klopp renung Anfield menjelang aksi terakhir bersama Liverpool

Jurgen Klopp dilihat melayan perasaannya di Anfield menjelang aksi terakhirnya sebagai pengurus Liverpool.
Wed May 15 2024
Google Gemini boleh jadi pemandu pelancong dengan langganan premium

Google Gemini boleh jadi pemandu pelancong dengan langganan premium

Ciri ini adalah lebih maju dan hebat berbanding pemalam Google Flights pada Gemini.
Wed May 15 2024
Persatuan sukan perlu pastikan atlet ada perlindungan Perkeso - Adam Adli

Persatuan sukan perlu pastikan atlet ada perlindungan Perkeso - Adam Adli

Kementerian Belia dan Sukan menggesa semua persatuan sukan memastikan atlet bernaung di bawahnya mendapatkan perlindungan Perkeso.
Wed May 15 2024
[TERKINI] Setiap pokok terpaksa dipotong, 100 pokok baharu wajib ditanam semula - PM

[TERKINI] Setiap pokok terpaksa dipotong, 100 pokok baharu wajib ditanam semula - PM

Perdana Menteri, Datuk Seri Anwar Ibrahim telah mengarahkan Datuk Bandar Kuala Lumpur supaya setiap pohon yang terpaksa dipotong, 100 pokok baharu wajib ditanam semula.
Wed May 15 2024
Gerakan Blockout 2024 ada akaun IG senarai artis tempatan perlu, tak perlu boikot

Gerakan Blockout 2024 ada akaun IG senarai artis tempatan perlu, tak perlu boikot

Salah satu cara ialah dengan memboikot selebriti, pempengaruh yang tidak menggunakan media sosial untuk bersuara berhubung kekejaman Israel.
Wed May 15 2024
Bunuh, bakar kekasih hamil: Tertuduh dibenar rujuk pakar psikiatri

Bunuh, bakar kekasih hamil: Tertuduh dibenar rujuk pakar psikiatri

Mahkamah Tinggi membenarkan permohonan seorang pemuda didakwa membunuh kekasihnya yang hamil, dirujuk kepada pakar psikiatri.
Wed May 15 2024
Kecederaan sukan: Fahami keupayaan tubuh, elak kecederaan ACL & PCL

Kecederaan sukan: Fahami keupayaan tubuh, elak kecederaan ACL & PCL

Kecederaan sukan boleh berlaku semasa bersukan, beriadah ataupun semasa kemalangan kecil.

Faktor lain yang menyumbang kepada kecederaan itu juga termasuk latihan yang tidak sempurna atau alatan yang tidak sesuai.

Bagaimanapun, menurut Pakar Perunding Pembedahan Ortopedik UKM Specialist Centre Sdn Bhd, Profesor Madya Datuk Dr Badrul Akmal Hisham, kecederaan lutut yang menyebabkan Ligamen Krusiat Anterior (ACL) dan Ligamen Krusiat Belakang (PCL) adalah antara yang selalu berlaku.
Wed May 15 2024
[TERKINI] Pemandu rempuh atlet kayak negara di bawah pengaruh alkohol

[TERKINI] Pemandu rempuh atlet kayak negara di bawah pengaruh alkohol

Pemandu kereta yang merempuh atlet kayak negara, Siti Nurul Masyitah Md Elis berada dalam keadaan mabuk menerusi ujian saringan penafasan yang dijalan pihak polis.
Wed May 15 2024