(Nov 26): Thai banks’ non-performing loans last quarter jumped to their highest level in three years as troubled corporate and individual borrowers continued to struggle to repay debt, though the Bank of Thailand announced progress in talks with the finance ministry on relief measures. Some 2.97% of commercial banks’ outstanding loans were non-performing at the…
Three million Australians will see $3 billion wiped from their student debt after the Albanese Government passed legislation through the Parliament tonight. This legislation fixes the way indexation is calculated on student debt and will be backdated to 1 June 2023. The Universities Accord (Student Support and Other Measures) Bill 2024 caps the HELP indexation…
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned Bloomberg Read the original article here
The ridiculous co-opting of American policy fads by the Albanese government continues unabated. When the government adjusted the HELP indexation rate in the May budget, Prime Minister Anthony Albanese deliberately invoked the Biden administration’s (unconstitutional) student loan forgiveness, saying “We’re wiping more than $3 billion in student debt.” Loading… Read the original article here
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned Bloomberg Read the original article here
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned Bloomberg Read the original article here
Mexico’s finance ministry is preparing to enlist a consortium of banks to provide financing that Petroleos Mexicanos would use to pay off debt with service providers, according to a recording of remarks made by its CEO. The state-owned oil company is coordinating with the finance ministry, which would potentially take on debt on its behalf…
Putin offers debt relief to boost ranks in Ukraine conflict MSN Read the original article here
Guest editorial: Biden failed on student debt relief Charleston Gazette-Mail Read the original article here
The federal government’s plan to cut 20% off Hecs/Help has been met with some ludicrous claims about fairness that has to make you wonder if people have only just discovered the tax system is designed by governments that make choices about who benefits. On Friday the latest corporate tax transparency figures were released and showed…