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Shoppers pay 0%, while retailers fork out 10% in strained Asean credit market
A key emerging risk, especially for Singapore, is the advent of e-commerce, says an analyst about the plight of brick-and-mortar retailers
Add BT as a preferred sourcePublished Tue, Jan 19, 2016 · 09:50 PM
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Singapore
FAMILIES buying televisions are getting lower borrowing costs than the stores selling them, a reflection of the toll taken on South-east Asia retailers by flagging consumer demand and e-commerce rivalry.
Courts Asia Ltd, which offers shoppers zero per cent long-term credit on higher-end products, has seen its Singapore dollar bond yields rise 28 basis points to 4.34 per cent in the past six months and is trying to refinance the note ahead of its May repayment.
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