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VIRUS OUTBREAK

Guidelines out on deferment of secured loan, mortgage payments

MAS says qualifying SMEs seeking to defer principal payments can do so till Dec 31, 2020; over S$40b of secured borrowings should qualify

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Financial institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of income.

Singapore

FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of...

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