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Banks in S'pore reviewing ethical lending practices

There is concern that a backlash against the companies causing forest fires may extend to the financial institutions that fund them

Haze shrouding Gardens by the Bay in Singapore. According to Nasa, this year's fires are set to become the worst on record, surpassing 1997 when forest burning caused an environmental disaster that cost an estimated US$9 billion.


A SINGAPORE banking group has embarked on a review of ethical lending practices as haze caused by forest fires in Indonesia envelops the city for a fifth week.

The Association of Banks in Singapore said on Monday that its members are working on measures that will improve