Sign up | Log in



Home  >>  Daily News  >>   Thailand News   >>  Capital Markets  >> Thailand, Singapore plays down impact from Dubai debt crisis

29 November 2009

Thailand, Singapore plays down impact from Dubai debt crisis

Related Stories

November 21, 2009
Malaysia’s AirAsia to list in Thailand, Indonesia

October 17, 2009
Thai think-tank blames foreign capital outflow for weaker baht

Thai Prime Minister Abhisit Vejjajiva said Saturday that economic ministers are monitoring the impact, if any, from the recent Dubai debt crisis, reported Thai News Agency.

Abhisit said the Dubai debt problem had already affected global trade and investment markets and it is necessary to map out measures to prevent the problem from getting out of hand.

The city-state's main investment arm, Dubai World, disclosed earlier this week that it was asking for at least a six-month delay on paying back its $60 billion debt. Several credit agencies have slashed the debt ratings on Dubai’s state companies as they consider the plan as a recognition of default.

In Sinapore, Minister in the Prime Minister's Office and Second Finance Minister Lim Hwee Hua said on Saturday that she did not expect Singapore banks to have a large exposure, if any at all, to the Dubai debt crisis. She said this is due to local banks being diversified in their risk taking.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand