In the aftermath of the 2007-09 global financial crisis, advanced countries created abundant liquidity through expansionary monetary policies. This enabled many developing countries to borrow from the global market at exceptionally low interest rates to support their infrastructure, social programmes and responses to economic shocks. However, the era of inexpensive money ended when the world…
• NISO threatens sanctions over outstanding obligations •Discos’ June revenue collection falls 7.82% to N191.86bn Emmanuel Addeh in Abuja The Nigeria Independent System Operator (NISO) has directed electricity Distribution Companies (Discos) to immediately commence the settlement of their outstanding obligations to the Nigerian Electricity Market and service providers. The organisation, in a statement, stressed that…
Cypriot families forced into debt as overseas treatment support falls short Philenews Read the original article here
ProGRESS Bill, other tax reforms could help manage public debt — Palace Philippine Information Agency Read the original article here
A worker moves goods at Namdaemun Market in Seoul’s Jung district. News1 South Korea has recovered only about 2% of debt owed by borrowers whose debt relief was canceled after they were found to have hidden or transferred assets, raising calls for stronger follow-up measures to collect the money once fraud is detected. A total…
The debt ratio at Korea Asset Management Corporation (KAMCO), the state agency that writes off debts owed by small business owners, is expected to exceed 350% this year. As the Lee Jae-myung administration pushes to clear delinquent loans, KAMCO’s purchases and write-offs of non-performing loans have risen, putting the ratio about 110 percentage points above…
Where is ‘King of Debt’ Trump when we need him on the national debt? The Hill Read the original article here
TL;DR — Singapore’s High Court ruled a Hong Kong judgment for HK$19.3 million in Macau gambling debts unenforceable, citing the Civil Law Act’s public policy. The case involved a VIP credit line of HK$15 million at The Venetian Macau. This protects local citizens from foreign casino collection actions. SCCG Take — The decision elevates local…
Debt problems in the Netherlands are rising, while only a small group of people with debts actually seek out help. What can municipalities do to make it easier to ask for help? Municipalities in the Netherlands currently place the responsibility for seeking help when in serious debt largely on citizens themselves. But those who need…
Singapore High Court Blocks Venetian Macau From Enforcing HK$19.35 Million Casino Judgment iGamingToday.com Read the original article here