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StanChart commits US$1b to finance firms making in-demand items

Kelly Ng

Kelly Ng

Published Mon, Mar 30, 2020 · 09:50 PM

Singapore

STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.

These firms will include manufacturers and distributors in the pharmaceutical industry and healthcare providers, as well as manufacturers of items such as ventilators, face masks, protective equipment and sanitisers.