I owe the banks almost Dh180,000 and was paying properly until 2016, when I lost my Dh10,000 a month job at a multinational company. I struggled to get another job for four months before eventually joining the insurance sector to secure some income. While I was unemployed, I used savings to make my repayments. I…
FORMER treasurer Peter Costello says most of us will be dead before Australias national debt is paid off. On the eve of Scott Morrisons third budget, Mr Costello told ABCs 7.30 the Turnbull government had not done enough to control debt. Weve now had ten years of deficit. Cumulatively, that means to cover that weve…
Xi Jinping Reuters Tightened credit conditions have one Chinese manufacturer with $7 billion in debt begging for help. It won’t be the last one to do so. Beijing will have to start deciding who lives and who dies in China’s corporate sector. Investors shouldn’t just worry about who gets bailed out, they should also worry…
Talk about fortuitous timing. There’s an election looming and a budget situation long portrayed as a disaster suddenly on the mend. But what to do with this sudden bounty? Repair the finances and bolster the balance sheet in case the global economics winds turn nasty? Or give way to temptation and indulge the…
In an interview with Fairfax Media, Treasurer Scott Morrison said infrastructure spending would qualify as good debt in Tuesday night’s budget but that he was bringing spending under control to prevent the use of bad debt to cover ongoing expenses. I will be reducing net debt. I will be ensuring debt is under control, he…
If you feel like youre drowning in debt, youre not alone. A 2017 survey conducted by Souqalmal.com revealed that more than half of the respondents have a Debt Burden Ratio of more than 50 percent. Thats not all – 76 percent of the respondents had missed at least one debt repayment in the past. Debt…
On the eighth anniversary of the euro-areas biggest bailout, Greece is closer than ever to breaking free from its creditors oversight and trying its luck raising money on its own. But, as Aug. 20 — its exit day — nears, clarity is in short supply, feeding uncertainty over how easily Athens can return to normalcy.…
ARE we really rolling in money all of a sudden? Not really. Apparently the government coffers are filling up with an unexpected surge of tax, described in one publication as “humungous”. Treasurer Scott Morrison is like a 10-year-old kid that finds 10 bucks. Yes, he’s excited, and sure, it’s the most money he’s ever had…
ARE we really rolling in money all of a sudden? Not really. Apparently the government coffers are filling up with an unexpected surge of tax, described in one publication as “humungous”. Treasurer Scott Morrison is like a 10-year-old kid that finds 10 bucks. Yes, he’s excited, and sure, it’s the most money he’s ever had…
Sexy office perks like free food, gym classes and tropical retreats are so last year. These days, a growing number of companies are offering employees a more practical incentivehelping them pay off their student loans. San Mateo-based Coupa Software this year rolled out a new program that contributes $50 a month toward eligible employees’ student…