Singapore, World Highest External Debt Per Capital : Each Singaporean Owes S$580,000
Singapore invested S$ 15/bn in India property market.

India : With about US$10 billion of development loans coming up for repayment in the first half of 2020, according to Fitch Rating’s Indian division, the fallout could spread to mainstream banks that have lent money to the shadow lenders or invested in their bonds.

the number of property developers falling into bankruptcy has doubled during the past nine months, piling pressure on non-banking finance companies (NBFCs), commonly known as shadow lenders.

banks would be affected by the property cash crunch in three ways: their lending to NBFCs, their own direct exposure to developers and also individuals who do not repay mortgages.
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Assuming both Singapore and Malaysia had similar External Debt of US$ 1.766 trillion.

According to some people, its good for Singapore and is generating US$ 1000 to US$2000 profit a second. Singaporeans become richer.

Then, how about Malaysia?

Oh! Its very bad becoz Malaysia owes overseas creditors and costing Malaysians US$1000 to US$2000 loss a second making Malaysians poorer.

How can the end results be so different?
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