She said this is almost double the current debt of RM40bil that the corporation has today. She was speaking at a briefing on the corporation’s public consultation exercise on ways to improve its financial viability yesterday. She also said more than half of PTPTN borrowers have not been paying consistently or have not started servicing their loans at all. Mastura said that to ensure the loan’s sustainability, borrowers have to repay their loans consistently and in full. He said for every RM7,000 of debt cancelled, one new PTPTN applicant will have to be rejected.

Source: The Star May 17, 2019 00:44 UTC