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Bankruptcy cases in Malaysia have seen a concerning rise, and personal loans have emerged as the leading cause, accounting for a staggering 49.22% of all financial loans, according to the Minister in the Prime Minister's Department (Law and Institutional Reform), Azalina Othman Said. This blog explores the data behind the escalating bankruptcy rates, delving into age and gender demographics, as well as racial breakdowns. Additionally, we will delve into the government's proposed initiatives aimed at helping bankrupt individuals regain financial stability and contribute to the nation's economic development.

In Malaysia, an estimated 4.86 million persons with disabilities (PWD) exist, but shockingly, only around 10% or slightly over 500,000 are officially registered as of 2019. The low registration numbers can be attributed, in part, to a flawed process that fails to consider the challenges faced by disabled individuals. This blog explores the barriers to registration, the government's efforts to make it more inclusive, and the numerous benefits and programs available to registered PWDs, aimed at enhancing their quality of life and integration into society.

A recent study conducted by Zurich Malaysia has shed light on the insurance landscape in the country, revealing that one in three prime working-age Malaysians lacks insurance coverage. The study further highlighted that a significant number of respondents harbour a poor perception of insurance, leading them to neglect personal protection plans. These findings, derived from a survey commissioned in late 2021, offer valuable insights into the attitudes of Malaysians towards insurance and its place in their priorities.

Bank Negara Malaysia's 2022 Financial Stability Report sheds light on the debt-to-service ratios (DSR) of household borrowers in the country. The report indicates that approximately a quarter of household borrowers have DSRs exceeding 60 per cent as of December 2021. However, despite this statistic being one of four concerning indicators, the risk of impairment remains low due to the majority of these borrowers belonging to middle to high-income households. This blog explores the significance of DSRs, the current trends in loan growth, and the overall stability of Malaysia's household credit market.