There are many reasons people rack up serious debt, from illness to overspending, but the problem transcends education and income level, says an expert.Continue Reading
JAKARTA – Indonesia may be on safe ground for now, but Finance Minister Sri Mulyani Indrawati is preparing for a worst-case scenario in 2023 by slashing line ministry spending and drawing up contingencies for a now widely-expected global recession. The impact of US Federal Reserve rate hikes, persistent inflationary pressures and a slowdown in global […]Continue Reading
The Bhumjaithai Party is offering a range of policies to woo voters, from crop price guarantees to a debt moratorium.Continue Reading
AT EACH OTHER’S THROATS Khan and Sharif have been at each other’s throats for months, trading accusations of incompetence and corruption with language and tone dripping with contempt. But such a public accusation by Khan, and the naming of a senior military officer, has taken the situation to a newContinue Reading
Somkid Jatusripitak, chairman of the Sang Anakhot Thai Party (SATP), has vowed to push for a five-year moratorium on farmers’ debt payments, a fertiliser subsidy and an improved version of the government’s state welfare programme as part of the party’s election pledges.Continue Reading
If rich countries contribute the most to climate change, do they owe a debt to poorer ones who are least responsible – yet suffer the most? CNA dives into the debate.Continue Reading
Vietnam’s central bank held emergency meetings this week with commercial banks to discuss liquidity in the system, two informed sources told Reuters on Friday (Nov 4), as lenders face pressure from tightening credit conditions and higher interest rates. One of the sources with knowledge of the issue, who asked toContinue Reading
TOKYO — Other than trolling China, it’s still a mystery why Japanese Prime Minister Fumio Kishida chose Sanae Takaichi to run the fledgling Ministry of Economic Security. There again, what this one-year-old agency does, exactly, is its own riddle. On the face of it, it should be grabbing global headlines: It has the authority to […]Continue Reading
Germany’s leader is meeting Xi Jinping on a visit that sparks controversy at home and concern in Europe.Continue Reading
The last time the yield of inflation-protected US Treasuries stood at 2 percent – just before the 2008 World Financial Crisis – gold traded at $800. Today the 10-year inflation-protected yield is back at 2%, yet gold trades at more than twice that price. For the past fifteen years, gold has traded in a straight […]Continue Reading