LOANS

Singapore banks to see loan growth rate halved this year from coronavirus: Fitch Solutions

[SINGAPORE] Singapore banks' loan growth will slow to 1.5 per cent in 2020, down from 3.1 per cent last year, given the stiff economic headwinds facing Singapore from the coronavirus (Covid-19)...

Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak: Sources

BEIJING (REUTERS) - More than 300 Chinese firms, including Meituan Dianping, China's largest food delivery company, and smartphone maker Xiaomi Corp, are seeking bank loans totalling at least 57.4...

Astaka unit receives letters of demand for $41.3m owed to contractor

SINGAPORE - Catalist-listed property developer Astaka's wholly owned indirect subsidiary, Astaka Padu Sdn Bhd (APSB), owes a late payment of RM125.3 million (S$41.3 million) plus interest to a...

Chew's Agriculture signs $27m sustainability-linked loan with DBS

Egg producer Chew's Agriculture has signed a 10-year, $27 million sustainability-linked loan with DBS Bank, to construct a new farm with larger cage-free facilities.

Grab offers firms loans of up to $100,000

Technology company Grab is offering loans of up to $100,000 to companies under its latest business initiative.

ESR-Reit secures $155m loan facility, files proofs of claim against Hyflux

SINGAPORE - ESR-Reit has secured a $155 million unsecured loan facility to refinance existing indebtedness, acquire assets and improve currently owned assets as well as other general working capital...

Fintech firms target loans to individuals in region

The fintech boom has sparked a stream of mobile-friendly financial services in South-east Asia including Singapore, from e-wallets to remittances and cryptocurrency trading.

Singapore October bank lending up 1.4%: MAS

SINGAPORE'S total bank lending in October climbed 1.4 per cent from September, on the back of higher loans to financial institutions.

IE Singapore partners IFC to help more Singapore firms venture into Asia and Africa

SINGAPORE - International Enterprise (IE) Singapore has signed a memorandum of understanding (MOU) with the International Finance Corporation (IFC), a member of the World Bank Group, to help more...

Singapore bank lending up 5.9% year on year in July, for 10th straight monthly rise

SINGAPORE - Bank lending rose 5.9 per cent year-on-year in July, slowing from June's 7.6 per cent growth, which was the fastest in over two years as both business and consumer loans improved.

Finance firms eyeing bigger slice of the SME pie

Singapore's three listed finance firms are poised to reap benefits from regulatory changes that will boost their customer reach and capacity to lend.