GM To Repay Loans

Reading from the Associated Press that General Motors Co will start repaying its loans from the US and Canadian governments is expected. Right from the beginning of the crisis I have no doubts on GM's ability to pay its loans on time.


The initial sum of $6.7 billion to be paid quarterly i.e. $1 billion to the US government and $200 million to the Canadian government indicates the cash flow stream of GM. I do not know if the US and Canadian governments would charge penalties for early repayments because Malaysian banks do charge some money for early paid off loans. ( My car loan was paid off 3 months earlier than the July 2009 deadline - the bank charged a sum of interests although it was an Islamic Loan from a conventional bank)


Uni Asia General Insurance


Uni Asia General Insurance will soon go bankrupt! That is my prediction.