VIRUS OUTBREAK: JOBS & BUSINESS SUPPORT
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Wholesale traders top beneficiaries of ESG loan schemes in 2020; sector set to pick up in new year
Published Sat, Jan 9, 2021 · 05:50 AM
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Singapore
CASH-STRAPPED businesses got S$17.4 billion in loans last year from key schemes supported by government agency Enterprise Singapore (ESG), as the Covid-19 downturn hit.
More than 20,000 companies tapped these funds between March and December 2020, outstripping the S$1.3 billion infusion in 2019, Minister for Trade and Industry Chan Chun Sing told reporters on Friday.
Still, credit pumps to boost cash flow are no…
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KEYWORDS IN THIS ARTICLE
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