Singapore March bank loans hit strong pace on trade, oil sector, home loans
Singapore
BANK lending in Singapore surged in March from a year ago at the strongest pace since November 2014, led by stronger business lending that reflects gains in trade loans, loans to oil-related companies, as well as in mortgages.
Bank lending gained 6.3 per cent to S$628 billion last month, albeit following several months of contraction in most of 2016, preliminary data from the Monetary Authority of Singapore on Friday showed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data