Thailand’s major financial institutions are preparing for a difficult second half of 2024, as a struggling economy and high household debt force banks to take a more conservative approach to lending.
Thailand has kicked off a debt suspension and relief programme for small and medium-sized enterprises (SMEs) as part of the government's commitment to address the problem.
Indonesia aims to raise 170 trillion rupiah (10.92 billion USD) in the capital market in 2023, including from initial public offerings and debt instruments, well below the amount raised in 2022, the country's financial regulator said on January 2.
Personal debt among young adults in Singapore has been rising during the COVID-19 pandemic, and the situation could worsen once interest rates start to rise.
The Government plans to borrow 342.06 trillion VND (15.05 billion USD) this year, according to a borrowing and debt payment scheme recently approved by Prime Minister Nguyen Xuan Phuc.
Total debt for basic construction in the new-style rural area building programme was reduced to about 9.55 trillion VND (434 million USD) at the end of 2016 from over 15.27 trillion VND (694 million USD) early last year
Malaysian Prime Minister Najib Razak said the federal government debt is still under control and far smaller than that of other developed countries such as the US and Japan.
Terms for bonds issued by the Vietnam Asset Management Company to buy bad debts from credit institutions, will be extended from five years to 10 years in some cases.
One hundred impoverished households in Tra Bong district in the central province of Quang Ngai have been presented with a breeding cow each to help with their livelihood.
The chairman of the Vietnam Asset Management Company (VAMC) has recommended the National Assembly issue special legal regulations to expedite the current sluggish sales of non-performing loans (NPLs).
The Debt and Asset Trading Corporation (DATC) will increase its charter capital from current 2.48 trillion VND (113.8 million USD) to 6 trillion VND (273.2 million USD).