With glum outlook, consumers lose confidence

Article Abstract:

A survey of consumer confidence in Thailand by Mastercard International reveals that the consumer confidence index in Thailand is the lowest in the region with 25.3%. China's index is up from 20% to 26.5% with Japan, Hong Kong, Malaysia and Korea all showing improvements. Consumer confidence in Singapore dropped from 80.6% in December 1996 to 56.9 in June 1997 with the Philippines showing only a slight decline of 0.9% from the previous 83.3%.

Business Support Services, Credit & Collection Services, Consumer Behavior, Credit Reporting and Collection, MasterCard International Inc., Surveys, Credit and debit card industry, Credit card industry, Consumer confidence, Financial information services

---

Oddball of the Asean Four

Article Abstract:

Thailand has the highest debt, $355.6 billion, among the Association of South East Asian Nations (Asean) Four, which include the Philippines, Indonesia, and Malaysia. Compared to its three equally fast-growing neighbors, Thailand has received lesser amounts in direct foreign investments and has borrowed more. This has resulted in foreign debt equal to 43% of its gross domestic product (GDP) and domestic debt equal to 25% of GDP in 1996.

Economic Programs, Administration of Economic Programs, Public Debt, Total Foreign Liabilities, Economic policy, Economic development, Indonesia, Malaysia, Asia, Philippines

---

Little comfort: not being Mexico isn't always an edge

Article Abstract:

A comparison of the Mexican and Thai economies revealed that the Thai situation may be more serious than the Mexican peso crisis. An analysis of loans procured by the Thai financial industry were equivalent to 120% of the GDP, whereas Mexican institutions received only the equivalent of about 45% of the GDP. Furthermore, the percentage of non-performing loans is higher in Thailand than that in Mexico during the peso crisis.

Public Finance Activities, Financial Administration-Natl Govt, Mexico, Public finance, Currency devaluation, Devaluation (Currency), External debts

Similar abstracts:

• Abstracts: Rome delays Stet sale until late 1997. Nice little earners in the Italian jobs. Italian PM aims for Stet sale this year
• Abstracts: Marriage of convenience. History in context. Art of the possible
• Abstracts: Bulgaria carries out first banking sale. Mozambique completes sales in banking sector. French banking shake-up follows Air France success
• Abstracts: Hong Kong dollar is little jostled as island in the storm. Korea's financials set Hong Kong investors on edge
• Abstracts: Asia's setback highlights need to intensify, not reduce the region's cooperation with Europe. East Asia's economic miracle also sows anxiety

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.