Singapore banks to offer more affordable financial support to cash-strapped SMEs
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Singapore
SINGAPORE's banking trio are offering more affordable financing support for small and medium-sized enterprises (SMEs) hit by the novel coronavirus fallout.
The banks will lower lending rates for government-assisted SME loans to about 2-3 per cent, backed by the Monetary Authority of Singapore (MAS)'s latest move to drive down the cost of funding for SMEs.
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