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Banks' higher bad debt charges reflect harsher environment

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A lot of attention has been focused on the jump in bad debt provisions of the local banks which released their fourth-quarter results last week.

A LOT of attention has been focused on the jump in bad debt provisions of the local banks which released their fourth-quarter results last week. What probably jolted also was the comment by DBS chief executive Piyush Gupta that as the Singapore economy slows, more defaults will show up. After

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