00:00 This program is a series of the insurgency exploration all over Malaysia that we are doing.
00:05 And today we are doing it for Johor province in Kota Tinggi.
00:09 This program is the government's desire to introduce and expand the second base of opportunities that has been introduced by the government
00:19 to bring us closer to the community and also give a second chance to the former bankruptcy group.
00:24 Today, for Kota Tinggi in the field of Sungai Masar, we have called 10 former bankruptcy people
00:30 who have benefited from this second base of opportunities and they have come to receive the seal of the head of the insurgency.
00:37 How many total have received the seal?
00:40 For the whole of Johor province, the number of active cases we have now is around 26,000 cases.
00:46 For this year, we estimate the release of bankruptcy to be 13,700.
00:54 And as of June this year, we have released more or less 7,000 cases
00:58 with around 56% of the total cases that we have registered in the new Johor MBI.
01:04 Okay, the number of cases we have is around 26,000.
01:07 How long has this been going on?
01:09 Our record is 20, 20, 20, 20, 20, 20, the most recent one until now there are 26,000 cases.
01:14 If you follow the overall, we have been around since the 70s.
01:18 But the active ones are mostly in the majority of the year 2020.
01:23 How old are the majority of the people?
01:26 As we have discussed earlier with the residents of Rizal and Sungai Mas,
01:32 the majority of the age group is around 35 to 45 years old.
01:39 That is more or less in the 40% of the total cases.
01:43 That is not only in Johor, but also throughout Malaysia.
01:46 If we look at our statistics, the main factor contributing to the bankruptcy is personal debt.
01:55 And also debts that we call living expenses.
01:58 Personal debts, rental, vehicle, all of this is more or less 45% of the total cases.
02:10 Has the bankruptcy trend increased after COVID?
02:14 The number of businesses has increased, right?
02:17 Yes.
02:18 So, what is the reason?
02:21 After COVID, we are aware that the situation has caused many individuals and businesses
02:30 that are affected by the COVID pandemic.
02:34 Because of this factor, the Chinese government and the people's representatives have introduced
02:42 a number of measures to increase the value of the bankruptcy.
02:47 That is to 100,000.
02:49 Previously, it was 50,000.
02:51 So, when we increase it to 100,000, the number of new cases registered is low.
02:58 Those who benefit the most are those who have an active case to be released from bankruptcy.
03:05 For those who owe less than 100,000, even though they are not bankrupt,
03:11 the law provides other ways for creditors to claim their debts.
03:18 There are many ways that we call it as a practice.
03:21 But with the CGL, they still have debts.
03:24 That's right.
03:25 They...
03:26 They just have to pay the bankruptcy.
03:28 For debts that have been filed with the Transportation Department, the debts are over.
03:36 But as I said earlier, there are other ways to pay their debts.
03:43 But to be released from bankruptcy, it gives a breath of relief for those who have taken the responsibility.
03:50 Thank you.
03:51 [END]
03:53 Transcription by CastingWords
03:55 © 2016 CastingWords, Inc. All Rights Reserved.
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