Thailand's household debt is expected to decrease slightly this year as nominal GDP growth is forecast to offset the debt expansion ratio, says Kasikorn Research Center (K-Research). But the think tank said household debt remains a fragile issue among certain segments and the young.Household debt is expected to be 77-78% of GDP in 2018 as nominal GDP growth (the denominator) is anticipated to be higher than the increase in accumulated debt (the numerator), said K-Research in its report."But the outstanding household debt ratio, which continues to climb, reflects how the debt burden remains a fragile issue for certain households, especially those shouldering several debt liabilities," said the report."The young generation is also involved in rapid debt accumulation. Solving this structural problem requires cooperation from several parties."K-Research predicts economic growth this year of 3.5-4.5%.Thailand's household debt stood at 78.3% of GDP as of the third quarter of 2017, valued at … [Read more...] about GDP growth to put slight dent in debt
Debt
Cambodia government to reduce foreign debt
The Cambodian government plans to reduce its foreign debt and raise capital through the issuance of bonds, a representative of the Ministry of Economy and Finance has unveiled. “Increasing local borrowing instead of foreign borrowing will improve the country’s trade balance and current account,” the Khmer Times on Tuesday quoted Vong Seyvisoth, Secretary of State at the Ministry of Economy and Finance as saying.It will also help the riel’s exchange rate remain stable, he said.The official was speaking during a forum on the national budget for the year 2018 held on Monday.Decreasing foreign debt will help balance the expenditure budget, improving the country’s current account. Meanwhile, issuing bonds will complement the rise in revenue from tax collection, which has increased significantly in the last few years, he said.“Cambodia’s is preparing to adopt a new policy. We will reduce foreign borrowing while strengthening local … [Read more...] about Cambodia government to reduce foreign debt
China’s top developers poised for strong sales as debt woes linger
Hong Kong – China’s large developers are tightening their hold on the country’s real estate market, capturing an ever-larger share even as sales growth is expected to slow and worries about debt persist.According to the US investment bank Citi, the top 10 China developers are forecast to achieve close to 35% market share this year, up from around 27% now.They held just 14.2% of the market in 2012.The number of developers posting more than 50 billion yuan in sales increased to 40 in 2017 from 25 in 2016, with sales growth of 53% to 84%, real estate developer CREIS said.The number of smaller developers, with sales between 10 billion and 50 billion yuan, fell to 104 from 106.And although the total number of home transactions is expected to drop about 5%, securities firms and rating agency analysts said Hong Kong-listed developers could see 30% sales growth on average this year, compared with an average of 40% growth in 2017.But the growth will not be without … [Read more...] about China’s top developers poised for strong sales as debt woes linger
A top Wall Street recruiting firm just published its hiring outlook for debt traders following a disastrous year in 2017— and it’s not all bad
While 2017 was a down year for fixed income, currency, and commodities (FICC) desks, the hiring landscape has some bright spots, according to top recruiting firm Options Group. It’s a mixed bag though, and the outlook is still bleak for hiring in government bonds and high-grade debt. Most new hires are getting 20% jumps in compensation to switch to a new firm, while exceptional hires in some sectors are commanding as much as 50%. 2017 was a rough year for Wall Street bond traders – with low volatility and decreased demand leading to revenue slides across the industry. But despite the second down year in a row for fixed income, currency, and commodities (FICC) sales and traders, the hiring outlook in 2018 has some silver linings, according to new report from Options Group, one of Wall Street’s top recruiting firms. Namely, there’s optimism around the fresh tax reform law, which “could … [Read more...] about A top Wall Street recruiting firm just published its hiring outlook for debt traders following a disastrous year in 2017— and it’s not all bad
Don’t be an ostrich when it comes to debt
Time and again when I ask people what they owe, they give me a litany of responses, quoting source of debt and balance one at a time. When I say, “Add it up!” they look at me horror-stricken. When they do add it up, they want to toss their cookies.Then I make it worse. Hey, do you have a buy-now-pay-later plan? That’s debt! How about that Home Buyer’s Plan you have to repay every year? That’s debt! And your overdraft balance? That’s debt!Thing is, until you pull your head out of the sand and add it all up, you have no idea how much trouble you’re in. You also don’t know where to apply your payments to save the most you can in interest. … [Read more...] about Don’t be an ostrich when it comes to debt