Business confidence, loan demand still mixed amid uneven Covid-19 recovery
MAS data shows total business loans in Singapore near flat at S$427.69 billion in April after four straight months of steady growth
Add BT as a preferred sourceSingapore
BUSINESS confidence and loan demand remains "very mixed" across the different industries given the K-shaped nature of the Covid-19 recovery story, said OCBC chief economist Selena Ling in a note on Monday.
This comes amid noticeable softness in loan demand from manufacturing, transport, storage and communication, and business services industries in April.
TRENDING NOW
Hell hath no fury like a man scorned: CEO’s S$468,000 suit against ex fails after relationship sours
How Asia’s next generation is rewriting legacy through entrepreneurship
Singapore’s new data centres must use renewables. Can they overcome the hurdles?
Canada’s fight with the US has far bigger stakes than trade
