The Business Times
business-time-50
SUBSCRIBERS

Further curbs on money lending to foreigners

google-preferred-sourceAdd BT as a preferred source
Published Mon, Jul 15, 2019 · 09:50 PM

    Singapore

    BUILDING on measures implemented in November last year, the Ministry of Law (MinLaw) has further tightened caps on loans to foreigners and low-income foreigners in particular.

    A self-exclusion mechanism for borrowers to opt out of licensed moneylender loans that had been announced in October was also launched on Monday, via SingPass.

    Foreign workers

    TRENDING NOW

    MAS says it expects financial adviser representatives to "act honestly and in the interests of customers when providing financial advice".

    ‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    ‘Singapore cannot afford to keep losing clients to Dubai and Hong Kong’: Industry says faster onboarding vital for wealth hub edge

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Santhosh Mahendiran believes that Techcombank's ability to hyper-personalise its offerings using data drawn from its ecosystem is a key competitive advantage.

    The Singaporean turning Vietnam's Techcombank into an AI-first lender

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More