‘Breaks my heart’: Malaysian dad hounded by loan sharks disowns debt-ridden son

‘Breaks my heart’: Malaysian dad hounded by loan sharks disowns debt-ridden son

“I even had to look for work as an e-hailing driver because my savings ran out,” he said at a press conference organized on Thursday in Kuala Lumpur by Malaysian Chinese Association public services and complaints department head Michael Chong. . Wong said that shortly after paying off the debts, his son went to a … Read more

‘Exhausted’: $5.3b in business loans tied to house, owners drowning in debt

‘Exhausted’: .3b in business loans tied to house, owners drowning in debt

Businesses are incurring crippling costs across the board that is having major impacts. Photo / Getty Images About $2.2 billion of business loans secured by residential mortgages is due to be re-fixed within the next year with concerns rife for owners crippled by debt. The news comes as rising wages, inflation, increased costs, a devalued … Read more