Laos has tried to grow its economy by working closely with China and using its natural resources like rivers, forests, and minerals. This helped the country build roads, dams, and railways, and reduce poverty. But it also created problems. Laos borrowed a lot of money, especially from China, and now has high debt. When COVID-19 [...]
Laos is facing a serious debt crisis in 2025. For many years, the government borrowed a lot of money, mostly from China, to build big dams along the Mekong River. The plan was to sell electricity to other countries and make Laos the “battery of Southeast Asia.” But the income from these dams has been [...]
Thailand’s property sector is facing a serious crisis due to high household debt and tight bank lending. Debt is at 90% of GDP, with many housing loans close to default. Weak economic growth and cautious banks have caused fewer home sales and delays in property transfers. Developers struggle with cash flow and bond repayments, risking [...]