Lawyers Warn of 1998-Like Debt Pain

The video discusses the spread of financial distress across sectors like shipping, mining, and retail, with recovery rates in East and South Asia expected to be lower than in the US. Singapore faces rising economic risks, with bad loans at a six-year high and property sales declining. The Baltic Index of shipping rates has hit a record low, and global companies are under review for downgrades. The law firm Roger and Tan reports a significant rise in insolvency and restructuring work, indicating widespread financial challenges in the region.

What trends were observed in the Baltic Index of shipping rates?

What has been the impact of the rise in insolvency and restructuring work in the law firm Roger and Tan?