The State of the Nation: Stepping up efforts to bring down the insolvency rate – The Edge Markets MY
LAST year, there were 19,588 personal insolvency cases. Simply put, 0.06% of Malaysias population of 32 million were bankrupt. That, Malaysia Department of Insolvency (MdI) director-general Datuk Abdul Rahman Putra Taha says, is not an alarming figure, although any number of bankruptcy cases is undesirable for any country. The fact is that as the population…