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Temporary Bridging Loan Programme
Singapore economy
Government measures to prevent economy from contracting by 5.6%, but Singapore still expected to face a full year recession
Going into FY21, we foresee the fiscal deficit will continue to be impacted by weak operating revenue,” say RHB economists.
October 07, 2020
Singapore economy
Government support measures will prevent GDP from contracting by a further 5.6% in 2020, and 4.8% in 2021, says DPM Heng
On Oct 3, he announced via Facebook that there will not be an additional round of support measures.
October 05, 2020
Debt and defaults
Debt danger lurks in Covid-19 shadow
More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic
May 29, 2020
Zest
UOB loans $4 bil to mid-sized enterprises affected by Covid-19
The loans were extended to UOB’s mid-sized clients in sectors that have suffered damaging impact from Covid-19.
May 05, 2020