According to research by Bloomberg,
Earlier, non other than vampire squid Goldman Sachs had also shown Singapore companies are over-leverage at 133% GDP. The day bubble pops, we will suddenly wake up to find that we are shithole of SE Asia.Singapore companies’ indebtedness has swelled to the most in Asia after China and India as the city-state’s economic growth slows, according to GMT Research Ltd.Leverage among the Southeast Asian nation’s corporates is following counterparts in the two larger economies to a level considered a “danger threshold,” Gillem Tulloch, founder of the Hong Kong-based researcher, said in an interview yesterday. Debt rose to six times the amount of operating cash flow in 2013 for non-financial Singaporean companies, from 5.1 times in 2012, a report by GMT Research shows.
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That is the reasons why finance minister came up with rules to managed over leverage on property which came too late in controlling a bubbling property bubble, now is to wait for the invisible hand to blow the property market apart.
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