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Liang Po Po addressed Sinkies as my fellow citizens knowing that GE is around the corner.

Opinion
Andy Mukherjee, Columnist

India’s Subprime Bubble Grew 2,100%. Now a Bust Looms​

Multiple lenders are chasing the same borrowers amid stagnant incomes at the bottom of the pyramid.
4 April 2025 at 5:00 AM SGT
By Andy Mukherjee
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.


Multiple lenders are chasing the same borrowers in India.

Multiple lenders are chasing the same borrowers in India.
Photographer: Adeel Halim/Bloomberg
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Subprime loans in India are teetering on the edge of a fresh crisis, with surveys showing signs of distress among 68% of borrowers. Those who have provided the capital for a multiyear 2,100% expansion will have to stomach losses. The $45 billion industry will probably muddle through its latest difficulties, though analysts want the central bank to come up with more robust supervision.

It’s hard to disagree with that assessment. True financial inclusion has to mean more than a bubble — followed by a bust. The share of loans overdue for between 91 and 180 days has jumped to 3.3%, from a post-pandemic low of 0.8% in June 2023. There’s more pain ahead. With 27% of borrowers taking out new loans to service old ones, and some families driven to more extreme coping strategies, such as pulling children out of school, the industry is bracing itself for higher defaults.
https://www.bloomberg.com/professio...gn=trmnl&utm_content=web_dotcom&tactic=794999
 

Lee Hsien Loong says Budget 2025 to support Singapore amid US tariffs; Mother jailed 19 years, boyfriend gets 30 for child abuse in Megan Khung case: Singapore live news​

We feature a curated selection of some of the biggest, most important, and fascinating news that’s making waves online​

Yahoo News Singapore
Updated Fri, 4 April 2025 at 4:31 PM SGT

President Donald Trump shakes hands with Singapore's Prime Minister Lee Hsien Loong during a joint statement in the Rose Garden of the White House, Monday, Oct. 23, 2017, in Washington. (AP Photo/Evan Vucci)

Singapore’s economy faces challenges with the reciprocal tariffs imposed by US President Donald Trump, but the government is committed to providing targeted support through Budget 2025, according to Senior Minister Lee Hsien Loong. (AP Photo/Evan Vucci)More
And that's a wrap. Thanks for tuning in. We'll catch y'all again next week.


Hello to all our readers, Yahoo Singapore will be bringing you live news updates today. The editorial team will be curating the latest must-know local and international news.

First off, Singapore is facing a challenging economic environment as the US imposes 10 per cent tariffs on imports, including on Singaporean goods. Senior Minister Lee Hsien Loong reassured citizens that Budget 2025 measures are in place to support businesses and households through this turbulent period. While the tariffs may lead to higher costs and disruptions in global trade, Singapore will not impose retaliatory measures. The government is closely monitoring the situation and stands ready to intervene to mitigate the economic impact.
 
Lawrence Wong is just scaring the stupid and Kiasee Singaporean to vote for them.
What's there to be afraid for themselves ?

They already paid themselves so well and the salary can last their life time. They are only afraid they can't leech onto the system and suck more money
 
Lawrence Wong is just scaring the stupid and Kiasee Singaporean to vote for them.
What's there to be afraid for themselves ?

They already paid themselves so well and the salary can last their life time. They are only afraid they can't leech onto the system and suck more money
I am sure Sir Lawrence mean well for all ah foks on the street
 
I am sure Sir Lawrence mean well for all ah foks on the street
Once the govt stop helping the consumer and start to get tough on the businesses, then it's truly helping Singapore.

Tariff can also mean lesser economic activity and it also mean inflataion will drop. If PAP keep on adding "Tariff" onto the ordinary Singaporean,then it will not end well for Peasants.
 
Once the govt stop helping the consumer and start to get tough on the businesses, then it's truly helping Singapore.

Tariff can also mean lesser economic activity and it also mean inflataion will drop. If PAP keep on adding "Tariff" onto the ordinary Singaporean,then it will not end well for Peasants.
More influx of unsold goods will flood in open markets as many ships u-turn from US ports
 
Sinkies are fucked up retards…everyday complain about gahmen on forum but come GE will again vote PAP in
 
More influx of unsold goods will flood in open markets as many ships u-turn from US ports
That's why over capacity will be a issue country at global South. There won't be much issue at Global north. The cheap produce will kill the poor nation.

Thailand is one of the victim.
 
That's why over capacity will be a issue country at global South. There won't be much issue at Global north. The cheap produce will kill the poor nation.

Thailand is one of the victim.

Cannot be de woh

Many many sinki believe SG is a heaven craved out for them by Good Hands….and all talents want to be in SG or part of SG success storiLeee
 


Now the trillion dollar question…how many VIPs, Big Shot Sirs or even Demi Gods Tio 团灭?
 
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Cannot be de woh

Many many sinki believe SG is a heaven craved out for them by Good Hands….and all talents want to be in SG or part of SG success storiLeee
Singkie has no critical thinking. They don't read history and think through. They are highly educated but lowly trained.

Singkie nation get rich because they adopted the western nation. Play good boy to them. The west came in and gave business to Singkie. Harry didn't scumble to the communist and if he did we will still be a kampong.

Singkie nation choose the right wind direction and that how we became rich.
 
It is like Dr Tan See Leng addressing migrant workers as "Brothers" during the Covid lockdown at the workers' dormitories. Instead of sending ambulances for the infected, he sent police riot vehicles there to prevent any unrest.
 
Politicians newly introduced by the PAP like to tell sob stories like how they grew up poor, living in a forested area below a hillside infested with mosquitoes (Bukit Timah Hill) while their classmates lived in high rise apartments served by a modern rail system (HDB estates).
 
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