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Small gasps of life in August business lending

Lending in the building sector grew 1.3%, reversing July's contraction; lending in transport/storage rose 6.6%

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Published Fri, Sep 30, 2016 · 09:50 PM

    Singapore

    A little life in business lending might have crept into August after the months of ho-hum lending activity earlier this year, but comes as business demand stays weak amid uncertainty over the US elections and the eurozone.

    Business loans rose 1.6 per cent in August from July to S$357 billion, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday.

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