According to the most recent data produced by the Bank for International Settlements and released on Thursday, South Korea’s total debt- household, corporate, and government liabilities alike- grew by 4% within the third quarter of the past year, breaking its debt threshold past 6.2 quadrillion won ($4.24 trillion), which has now become 2.5 times the GDP of the country. Thus, …

ASEAN – Despite having the third biggest increase in the external debt ratio among five Southeast Asian countries, the Philippines still maintains the lowest ratio of foreign debt to domestic production. According to a research from the Department of Finance’s senior economist Gil Beltran, the Philippines has the lowest foreign debt as a percentage of GDP (27%) among ASEAN nations …

Special Staff of the Minister of State-Owned Enterprises (SOEs), Arya Sinulingga, noted that the total government debt to the state-owned company has reached Rp 108.48 trillion. The debt comes from seven companies. He detailed the total government debt that must be paid to PT PLN (Persero) reached Rp 48.46 trillion. PT Pertamina Persero IDR 40 trillion, BUMN Karya IDR 12.16 …