Relief measures offer respite but banks can do more: SMEs
Banks should also provide guidance especially to smaller SMEs to navigate the schemes available
Add BT as a preferred source
Kelly Ng
Singapore
SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to manage their cashflow on the back of measures announced by the Monetary Authority of Singapore (MAS) on Tuesday.
Despite this, some SMEs told The Business Times that they fear falling through the cracks due to their size and lack of track record with the banks, while others are waiting to see if interest rates will go down further before they decide on their next step.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’
Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead
