Why Sri Lanka economic meltdown should be a wake-up call for Malaysia

While Malaysia isn't in a Sri Lanka-like situation, some reports suggest Kuala Lumpur should pay heed. As per the International Monetary Fund, crisis-hit Sri Lanka's debt-to-GDP ratio was 119% in 2021. At the end of the last year, Malaysian govt debt stood at RM979.8 billion, or 63.4% of the nation's GDP. Beijing's debt-trap diplomacy - both Sri Lanka & Malaysia are a part of China's Belt and Road initiative. Some reports state Malaysian leaders should avoid big-ticket infra projects with low-returns.