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TIME BOMB Thailand's THB1.1 Trillion Asian Contagion Bad Debt

Category: Real estate, Posted:02 Feb 2012 | 06:00 am

Despite a 15 year 'time out' between 1997's Asian financial crisis and the present, many regional monetary authorities still continue to shift the hot potato of debt.
Despite a 15 year 'time out' between 1997's Asian financial crisis and the present, many regional monetary authorities still continue to shift the hot potato of debt.
Here the Bank of Thailand still potentially hold's over THB1.1 trillion of debt incurred during the market meltdown depending if the authority will be tasked with clearing the FIDF (Financial Institutions Development Fund) massive shortfall.
Indonesia is in a similar situation from the IBRA (Indonesia Bank Restructuring Agency), as is Danaharta in Malaysia.
While in some cases the countries have managed to slip the issue under the carpet, there remains potential risk in the market place that the monetary sins of the past will come back to haunt them.

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