10-13% of new bankruptcy cases from 2021-2024 involve civil servants, says MDI DG

BEIJING: China called on the Philippines to 'seriously consider the future' of a relationship 'at a crossroads' in a Monday (Sept 9) commentary published by the People's Daily, the newspaper of the governing Communist Party, amid tensions in the South China Sea.

PUTRAJAYA: Between 2021 and 2024, civil servants accounted for approximately 10 to 13% of new bankruptcy cases, says the Malaysian Department of Insolvency director-general Datuk M. Bakri Abd Majid.

"The inability of public servants to manage their finances effectively not only impacts them and their families but also has broader implications for the public service ecosystem,” he said in a statement on Monday . From an administrative perspective, Bakri said department heads must monitor their staff's financial health and remain alert to any behavioural changes."Early preventive measures are crucial, including increasing activities focused on personal financial management.

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Insolvency Bankrupt Civil Servants

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