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Tiagong June 3rd is Battle of the Sinkiegeddon.

Just hope PAP will have an UMNO event.
.
PAP will remember what happened to sure-win UMNO.
So they will try to avoid a May vote ...... haunted by May 2018.
 
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
 

Trump tariffs: China strikes back as stocks slide after worst day since 2020​

Countries seeking to sell goods to the United States will face tariffs as high as 54% based on how the White House is calculating duties on U.S. exports.

Stock market plunges for second straight day after Trump's tariff announcement

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April 4, 2025, 4:01 AM EDT / Updated April 4, 2025, 9:08 PM EDT
By NBC News

What to know​

  • Fallout from the Trump administration's aggressive global tariff regime continues to hit global markets and frustrate geopolitics, while the president has shown no signs of backing down.
  • China hit back at Trump's punitive 34% tariff with its own levy of the same percentage on U.S. imports.
  • Long-standing U.S. allies across most of the world's largest economies reacted with a mixture of anger and despair as they vowed retaliatory tariffs and hinted at some of the measures they plan to use to soften the blow to their own economies.
  • U.S. stocks are in the middle of another brutal and chaotic day, with major indexes dropping more than 3% each.
 
They need the school holidays because schools will be used as voting places.
so safe bet is within first week of Jun?? unless they put it in Mid June, disrupt ppl's holiday plans.

you and many ppl voting for oppo parties, so purposely put it in mid June... want to vote for oppo, cancel your holiday plans and stay home and vote for oppo. otherwise you travel and miss your chance to vote for oppo...
 
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