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Millions of Australians struggling to make loan repayments: gov't report

STORY: Millions of Australians struggling to make loan repayments: gov't report SHOOTING TIME: June 4, 2024 DATELINE: June 6, 2024 LENGTH: 0:02:15 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Australia 2. various of street views in Australia 3. various of the Parliament House STORYLINE: Millions of Australians have struggled to make debt repayments in the last 12 months, government research has found. The research, which was published by corporate regulator the Australian Securities and Investment Commission (ASIC) on Monday, found that 47 percent of Australian adults with debt -- the equivalent of 5.8 million people -- have struggled to make repayments in the last 12 months. A survey conducted by YouGov on behalf of the ASIC found that cost of living pressures, reduced income, and unexpected expenses were the most common reasons given for financial difficulties. Thirty percent of respondents to the survey said they would not seek hardship assistance from their bank or lend

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CHINA-BEIJING-STATE COUNCIL INFORMATION OFFICE-PRESS CONFERENCE (CN)

(230421) -- BEIJING, April 21, 2023 (Xinhua) -- Ou Wenhan (2nd L, back), an official with the Ministry of Finance, attends a press conference held by the State Council Information Office in Beijing, capital of China, April 21, 2023. China will exempt 2.325 billion yuan (about 338 million U.S. dollars) of interest on state-subsidized student loans as part of an effort to ease financial and job-hunting pressures on college graduates, an official said Friday. Repayments of student loan principal totaling around 5.5 billion yuan can be deferred, Ou Wenhan told the press conference. About 4 million graduates will benefit from these measures, Ou added. (Photo by Liu Jian/Xinhua)

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party leave the floor of the House of Representatives on Nov. 20, 2009. They boycotted the vote at a plenary session on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote.

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Prime Minister Yukio Hatoyama (R) looks sleepy during a plenary session of the House of Representatives on Nov. 20, 2009, before voting on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote. The main opposition Liberal Democratic Party and the smaller opposition New Komeito party boycotted.

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the Democratic Party of Japan and its ruling coalition partners stand during a plenary session of the House of Representatives on Nov. 20, 2009, to pass a bill to encourage lenders to freeze debt repayments by small and midsize companies. Meanwhile, seats of members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party are seen vacant. The members of the opposition parties boycotted the vote by leaving the lower house floor.

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party leave the floor of the House of Representatives on Nov. 20, 2009. They boycotted the vote at a plenary session on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote.

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DPJ steamrolls bill on easing repayment terms for firms

TOKYO, Japan - Members of the House of Representatives Financial Affairs Committee hold a meeting while the main opposition Liberal Democratic Party and a smaller opposition, the New Komeito party, boycotted the vote as well as the panel's hearing on Nov. 19, 2009. The committee passed a bill to encourage lenders to freeze debt repayments for small and midsize companies, making it the first piece of legislation to be steamrolled through the DPJ-controlled chamber.

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NGO members call for debt relief in Fukuoka march

FUKUOKA, Japan - Members of Jubilee 2000, an international debt relief campaign group, march July 8 in Fukuoka carrying funeral wreathes to signify children in poor countries who Jubilee 2000 says are dying every day as a result of the heavy burden of debt repayments. Jubilee 2000 is pressing Group of Seven finance ministers to write off poor countries' debts. The G-7 ministers are meeting in Fukuoka, southwestern Japan.

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Sworn witness' testimony televised first time in 20 years

TOKYO, Japan - TV crew members tape a live broadcast of a meeting of the House of Councillors' Committee on Financial Affairs on Dec. 14. Kazuo Matsuda, president of Nichiei Co., testified before the committee as a sworn witness about intimidation tactics allegedly used by the company's employees to obtain loan repayments. It was the first live broadcast of a sworn witness' testimony before a Diet committee in 20 years.

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Sri Lanka temporarily suspends foreign debt payments

STORY: Sri Lanka temporarily suspends foreign debt payments DATELINE: April 13, 2022 LENGTH: 00:01:29 LOCATION: Colombo CATEGORY: ECONOMY SHOTLIST: 1. various of Sri Lanka's Finance Ministry 2. a press conference held on Tuesday by Sri Lanka's Finance Ministry and the central bank 3. various of Sri Lanka STORYLINE: Sri Lanka's Finance Ministry on Tuesday said the government has decided to suspend normal debt servicing of all affected debts for an interim period till it puts together an orderly and consensual restructuring program supported by the International Monetary Fund (IMF). In a statement, the ministry said debt repayments would be restructured in a manner consistent with an economic adjustment program supported by the IMF, which will apply to all debt repayments. However, it said credit facilities and any amounts disbursed under existing credit facilities are not subject to this policy and shall be serviced normally. The Finance Ministry said creditors, including foreign governments tha

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Prime Minister Yukio Hatoyama (R) looks sleepy during a plenary session of the House of Representatives on Nov. 20, 2009, before voting on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote. The main opposition Liberal Democratic Party and the smaller opposition New Komeito party boycotted. (Kyodo)

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party leave the floor of the House of Representatives on Nov. 20, 2009. They boycotted the vote at a plenary session on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote. (Kyodo)

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the Democratic Party of Japan and its ruling coalition partners stand during a plenary session of the House of Representatives on Nov. 20, 2009, to pass a bill to encourage lenders to freeze debt repayments by small and midsize companies. Meanwhile, seats of members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party are seen vacant. The members of the opposition parties boycotted the vote by leaving the lower house floor. (Kyodo)

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party leave the floor of the House of Representatives on Nov. 20, 2009. They boycotted the vote at a plenary session on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote. (Kyodo)

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DPJ steamrolls bill on easing repayment terms for firms

TOKYO, Japan - Members of the House of Representatives Financial Affairs Committee hold a meeting while the main opposition Liberal Democratic Party and a smaller opposition, the New Komeito party, boycotted the vote as well as the panel's hearing on Nov. 19, 2009. The committee passed a bill to encourage lenders to freeze debt repayments for small and midsize companies, making it the first piece of legislation to be steamrolled through the DPJ-controlled chamber. (Kyodo)

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NGO members call for debt relief in Fukuoka march

FUKUOKA, Japan - Members of Jubilee 2000, an international debt relief campaign group, march July 8 in Fukuoka carrying funeral wreathes to signify children in poor countries who Jubilee 2000 says are dying every day as a result of the heavy burden of debt repayments. Jubilee 2000 is pressing Group of Seven finance ministers to write off poor countries' debts. The G-7 ministers are meeting in Fukuoka, southwestern Japan.

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Sworn witness' testimony televised first time in 20 years

TOKYO, Japan - TV crew members tape a live broadcast of a meeting of the House of Councillors' Committee on Financial Affairs on Dec. 14. Kazuo Matsuda, president of Nichiei Co., testified before the committee as a sworn witness about intimidation tactics allegedly used by the company's employees to obtain loan repayments. It was the first live broadcast of a sworn witness' testimony before a Diet committee in 20 years.