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Search Result for “debt traps”

Showing 1 - 10 of 55

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OPINION

Indonesia's next leader faces challenges

Oped, Published on 29/02/2024

» Prabowo Subianto's electoral victory is expected, especially since he named Gibran Rakabuming, President Joko Widodo's eldest son, as his running mate. The "Jokowi effect" is firmly driving an upward momentum of support.

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OPINION

Balancing sustainability in BRI

Oped, Published on 19/10/2023

» Ever since 2013 when China launched its magnanimous Belt and Road Initiative (BRI), Western capitals have been viewing this monumental developmental project with scepticism; their response is tainted by an unwarranted wave of negativity and misinformation.

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OPINION

Debt policy is a costly folly

Oped, Editorial, Published on 28/09/2023

» The Srettha Thavisin government has given the nod to a three-year debt moratorium for farmers that will cost about 30 billion baht, amid questions tied to the long-term benefits of the programme, which is a huge burden on state coffers.

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OPINION

Boost long-term economic growth

Editorial, Published on 10/09/2023

» Prior to his speech in Parliament tomorrow, Prime Minister Srettha Thavisin's government has set an ambitious target of 5% annual GDP growth. That is a surmountable task judging from the fact that last year's GDP was 2.6%.

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LIFE

Temperatures soar, headaches rise

Life, Thana Boonlert, Published on 01/05/2023

» Like other early birds, Dao Dul, 35, goes on duty at first light. For her, time is literally money. Her office is not a well-built weather-proof skyscraper. It is a makeshift cart that provides affordable dishes to hundreds of community residents from dawn to dusk.

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BUSINESS

China ramping up bailout loans to 'Belt and Road' countries

AFP, Published on 28/03/2023

» LONDON: China has handed out US$240 billion worth of bailout loans to 22 developing countries at risk of default over the past two decades, with the trend accelerating in recent years, a report said Tuesday.

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OPINION

China's 'comeback' needs more than a policy reversal

Oped, Published on 27/01/2023

» When President Joe Biden took office in 2021, his first message to the rest of the world was: "America is back". Having assumed his third term as general secretary of the Communist Party of China (CPC) in October, President Xi Jinping appears to be issuing a similar proclamation.

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OPINION

Of debt and bondage with Beijing

Oped, Brahma Chellaney, Published on 26/11/2022

» Recently released details of Kenya's 2014 loan agreement with China to finance a controversial railway project have once again highlighted the predatory nature of Chinese lending in developing countries. The contract not only imposed virtually all risk on the borrower (including requiring binding arbitration in China to settle any dispute), but also raised those risks to unmanageable levels (such as by setting an unusually high interest rate). With terms like that, it is no wonder some countries around the world have become ensnared in sovereignty-eroding Chinese debt traps.

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THAILAND

500,000 get loans from KBank based on tech credit

Published on 17/11/2022

» Uses advanced technology and non-traditional credit evaluation methods Bht 23,000 million in loans approved

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WORLD

China's power rises in global slowdown

Sunday Spotlight, Published on 30/10/2022

» When Suriname couldn't make its debt payments, a Chinese state bank seized the money from one of the South American country's accounts.