Tag: Debt Management
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SA Could See Rating Upgrade and Rate Cut as Inflation Eases
South Africa Eyes a Dual Lift: Rating Upgrade and Possible Rate Cut South Africa could be on the cusp of a financial moment that would bolster investor confidence and ease borrowing costs. Market chatter ahead of Friday centers on a potential upgrade to the country’s credit rating by S&P Global Ratings, paired with expectations of…
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BNM Mandates 15-Min Financial Education for Personal Loans Over RM100K
New Rule Sets Financial Literacy Benchmark for High-Value Personal Loans Starting January 1, 2027, borrowers in Malaysia seeking personal financing above RM100,000 must complete a 15-minute financial education module, a policy announced by Bank Negara Malaysia (BNM). The move aims to bolster financial literacy among consumers taking on larger debt and to ensure borrowers understand…
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Should You Pursue Credit Card Debt Relief This November? Experts Weigh In
Overview: Why November Is a Critical Time for Credit Card Debt American households are contending with record-high credit card debt, now exceeding $1.21 trillion. With inflation lingering and interest rates fluctuating, many borrowers face mounting minimum payments and tighter budgets. November—a month packed with holiday spending, end-of-year bills, and annual financial planning—often becomes a turning…
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DPR Approves Rp2 Trillion to Repay Spain Maritime Loan
Overview: Why the Rp2 Trillion Payment Makes Headlines Indonesia’s House of Representatives, known as the DPR, has approved an additional Rp2 trillion (about US$120 million) to the Ministry of Maritime Affairs and Fisheries (KKP). The funds are earmarked to repay a Spanish loan tied to the Maritime and Fisheries sector’s development program. The decision marks…
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Purbaya’s Strategy to Cut Indonesia’s Deficit as Debt Reaches Rp9,138 Trillion
Indonesia Sets a Strategy to Reduce the Deficit as Debt Climbs Indonesia’s national finance leadership, led by Finance Minister Purbaya Yudhi Sadewa, is outlining a strategy to tame a rising government debt burden. Data show the central government’s debt reaching Rp9,138.05 trillion by the end of the first semester in 2025, a level the ministry…
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Purbaya’s Plan to Reduce Deficit as Indonesia Debt Rises
Purbaya Sets a Deficit-Reduction Path Amid Rising Debt As Indonesia’s public debt nears a sizable threshold, Finance Minister Purbaya Yudhi Sadewa has outlined a strategy focused on targeted spending and revenue enhancement to reduce the budget deficit and stabilize the nation’s fiscal health. The debt figure, reported as Rp9,138.05 trillion by the end of the…
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Purbaya’s Strategy to Cut Deficit as Indonesia Debt Rises
Indonesia Targets a Leaner Path to Deficit Reduction As Indonesia’s government debt climbs to Rp9,138.05 trillion by the end of the first semester in 2025, Finance Minister Purbaya Yudhi Sadewa unveiled a multi-pronged strategy aimed at narrowing the budget deficit. The central idea is to empower faster economic growth and boost state revenues through targeted…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over VAT Cuts and Holiday Proposals
Policy stance: Prioritizing enforcement over tax holidays Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan underscored a clear preference for tightening the grip on existing tax measures rather than introducing new reliefs such as tax holidays or lowering the 12% value-added tax (VAT). Speaking at the European-Philippine Business Dialogue (EPDB) during the…
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Balisacan Pushes Stricter Tax Enforcement Over Holidays and VAT Cuts in Philippines Fiscal Strategy
Shoring up revenues over tax holidays In a recent public briefing, DEPDev Secretary Arsenio M. Balisacan signaled a clear preference for tightening enforcement of existing tax measures rather than granting new tax holidays or pursuing immediate VAT reductions. Speaking on the sidelines of the European-Philippine Business Dialogue, he argued that preserving and strengthening the revenue…
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Pakistan IMF Review Talks Begin on $7 Billion Loan Program
Overview: IMF Kick-off in Pakistan An IMF mission formally launched its review of Pakistan’s economic program, signaling the start of the biannual assessment of the $7 billion Extended Financing Facility (EFF) and the $1.1 billion Resilience and Sustainability Facility (RSF). The session, reported by Dawn on September 30, 2025, followed a preliminary kick-off meeting on…