Singapore business loans fall further in May amid downturn
They are mainly dragged down by weaker loans to financial institutions, general commerce
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BUSINESS loans in Singapore extended its slide in May, mainly dragged down by weaker loans to financial institutions and general commerce, fresh data from the Monetary Authority of Singapore showed on Tuesday.
On a month-on-month basis, loans to businesses fell 0.7 per cent to S$430.6 billion in May to mark the second consecutive month of decline amid the economic downturn.
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