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Cold turkey

The tightening of unsecured credit lines might call for a multi-agency approach to dealing with the social fallout

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TWO years ago, the Monetary Authority of Singapore (MAS) decided to rein in excessive spending by debtors

TWO years ago, the Monetary Authority of Singapore (MAS) decided to rein in excessive spending by debtors - a sensible move by all accounts. The thing was, at the point when the decision was made in September 2013 to limit unsecured credit facilities to 12 times one's monthly income, no

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