SMEs apply for S$1.9b of loans in March and April, with high approval rates
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SMALL and medium-sized enterprises (SMEs) in Singapore have applied for around 2,500 loans amounting to about S$1.9 billion since the beginning of March.
The loans, taken out under Enterprise Singapore's (ESG) financing schemes, are about six times the credit extended over the same period of March 2 to April 30 last year.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
