Young Malaysians’ US$1.3bn short-term credit spree sparks warning over bad debt
Malaysians aged 30 and below bought some 5.4 billion ringgit (US$1.32 billion) worth of goods and services on short-term credit in the first half of this year, the country’s Finance Ministry has revealed. The ministry said it had recorded 65.9 million “buy now, pay later” (BNPL) purchases among younger consumers in the first six months of 2026 – equivalent to more than one in three, or 37.9 per cent, of total purchases nationwide. As of June 30, the outstanding BNPL financing balance among this...
Read full articleMORE NEWS
Education award recipients share innovative ideas
Education award recipients share innovative ideas
Motorcyclist held for road rage attack on Bangkok woman
Motorcyclist held for road rage attack on Bangkok woman
Anutin leaves door open to third coalition partner
Anutin leaves door open to third coalition partner
Israeli accused of making sex videos after serving drug-laced cake
Israeli accused of making sex videos after serving drug-laced cake
Woman and child saved from knife-wielding hostage taker
Woman and child saved from knife-wielding hostage taker
Relocation aid offered to Uthenthawai students and staff
Relocation aid offered to Uthenthawai students and staff
Bangkok seeks to keep control of southern peace process
Bangkok seeks to keep control of southern peace process