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7 in 10 SMEs confident of repaying loans in 2021: DBS

    Published Sun, Nov 8, 2020 · 09:50 PM

    Singapore

    SEVEN in 10 small and medium-sized enterprises (SMEs) in Singapore's most embattled sectors are confident of meeting their repayment obligations for government-backed loans in 2021, said a DBS survey.

    But a minority - about 3 per cent - said that they will have to wind up their business, with about a fifth of SMEs indicating that they are "exhausted" from dealing with the Covid-19 economic fallout.

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