The programmes, which include deferrals on mortgage payments and lower interest rates on loans, were introduced in April and were set to expire on Dec. 31.
"Many individuals and businesses will continue to experience cashflow pressures into early 2021," the Monetary Authority of Singapore and associations representing the city-state's financial industry said in a statement.Singapore has spent about S$100 billion, or 20% of its GDP, in virus-related relief to support households and businesses.
The government is introducing a programme that provides faster and lower-cost insolvency proceedings for small firms to restructure their debts or shut down because of the pandemic's impact. - Reuters
Finance minister is golf buddy.with ceo of bank in Malaysia how? Once a capitalist always a capitalist you expect him to be pro rakyat ka?
take a leaf from this MuhyiddinYassin
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Singapore extends pandemic loan relief measures into 2021The republic has spent about S$100 bil in virus-related relief to support households and businesses. FMTNews Singapore
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Singapore extends pandemic-induced loan relief measures into 2021 | Malay MailSINGAPORE, Oct 5 — Singapore said today it would extend relief programmes on mortgages and loans for individuals and small firms into next year because of the prolonged impact of the coronavirus pandemic. The programmes, which include deferrals on mortgage payments and lower interest rates on...
Source: malaymail - 🏆 1. / 86 Read more »
Singapore extends pandemic-induced loan relief measures into 2021 | Malay MailSINGAPORE, Oct 5 — Singapore said today it would extend relief programmes on mortgages and loans for individuals and small firms into next year because of the prolonged impact of the coronavirus pandemic. The programmes, which include deferrals on mortgage payments and lower interest rates on...
Source: malaymail - 🏆 1. / 86 Read more »
Singapore extends pandemic loan relief measures into 2021The republic has spent about S$100 bil in virus-related relief to support households and businesses. FMTNews Singapore
Source: fmtoday - 🏆 5. / 72 Read more »