SUBSCRIBERS
Hong Leong Finance warns SMEs of headwinds
Published Thu, Feb 26, 2015 · 09:50 PM
Singapore
HONG Leong Finance on Thursday warned of uncertainties and challenges among small and medium-enterprises amid the restructuring toll.
"Business models and processes have to change, thus creating new avenues of financing for small companies," Hong Leong said in its financial statement, as it reported a 10.4 per cent fall in full-year net profit after providing for doubtful debts.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%
A timeline of DBS’ recent banking glitches