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Singapore household debt drops to decade-low as high interest rates deter borrowing: MAS

Singapore News - Great news on the money front. For the past eight quarters, we’ve been chipping away at our debts, and now, our household debt is down to just 1.2 times our disposable income. That’s the lowest it’s been in over 10 years! The MAS just let us in on this in their latest. Read more at www.tnp.sg ....

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High credit card debt in Singapore not a concern yet

Singapore News - Despite rising inflation and slower growth in 2022, cardholders continued to splurge on discretionary purchases such as bubble tea,. Read more at www.tnp.sg ....

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Commodity trader Noble reaches agreement with creditors to reduce debt

Move is part of restructuring that it hopes will bolster the commodities trading business.. Read more at straitstimes.com. ....

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Senate boosts debt ceiling by $3.4 trillion, sends to House

The 221 to 209 House vote sends the Bill to President Joe Biden for his signature. . Read more at straitstimes.com. ....

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China rejects allegations it may confiscate Ugandan airport if country defaults on loan

China has been accused by Western countries of luring poor countries into "debt traps".. Read more at straitstimes.com. ....

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