Total business loans rose 1.5% month-on-month to nearly $418 billion, thanks to a 3.2% rise in manufacturing loans to $27.7 billion and a 4% rise in general commerce loans to $68.56 billion.
SINGAPORE (June 28): Total loans in Singapore came in at $681.8 billion in May, 0.8% higher than the $676.3 billion in April and 2.1% higher than a year ago, supported by higher business loans.
This according to preliminary data released by the Monetary Authority of Singapore (MAS) released on Friday
