South Korea's household debt market is seen to be exposed to financial shocks stemming from Europe's debt crisis as well as China's economic downturn. As reported by Xinhua News Agency, the total outstanding household loans at the country's banks as well as non-bank depository corporations registered KRW 639.6trn at the end of April this year. The ratio of household debt to disposable income was recorded at 135% last year, as compared to 114% registered in 2002. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more