Over the past decade, this ratio in Australia has risen from a level that was low by international standards (56 per cent) to one that is in the upper end of the range of other comparable countries (125 per cent). 2. The rise in household debt was mainly due to increased borrowing for housing.
* * * Manila Times President and CEO Dante “Klink” Ang, Chief Operating Officer Blanca Mercado, other Manila Times officers and staff, members of the media, ladies and gentlemen. Good afternoon and thank you for inviting me to this Manila Times Online Forum. I adopted your theme, “Road to Recovery: Turning Crisis into Opportunities” as the title of my presentation today.