New moneylending rules kick in for better borrower protection
Singapore
THE first set of new borrowing rules for Singapore licensed moneylenders will come into effect on Thursday, the Ministry of Law said on Wednesday.
Loans from moneylenders will now be subject to the following caps:
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg