SINGAPORE (THE BUSINESS TIMES) – GSH Corporation has obtained loan facilities of up to S$150 million in an agreement dated Dec 31, 2020, the mainboard-listed…
Home »
Singapore to renew loan commitments to IMF
SINGAPORE (THE BUSINESS TIMES) – Singapore will renew its loan commitments totalling US$3.58 billion (S$4.74 billion) to the International Monetary Fund (IMF). The Monetary Authority…
Singapore bank lending down for 7th straight month in September: MAS data
SINGAPORE (THE BUSINESS TIMES) – Bank lending in September dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority…
Exclusive: ECB plots Amazon-style market to prevent Wall Street COVID debt swoop
FRANKFURT/NEW YORK (Reuters) – Europe is working on an Amazon-style website to sell hundreds of billions of euros of bank loans which have been soured…
China July new bank loans fall to 992.7 billion yuan, below forecast
BEIJING (Reuters) – Chinese banks extended 992.7 billion yuan ($142.82 billion) in new yuan loans in July, down from June and falling short of analysts’…
Phase out Sibor in 3-4 years and replace with Sora, consultation report recommends
SINGAPORE (THE BUSINESS TIMES) – A consultation report has recommended that the Singapore Interbank Offered Rate (Sibor) be discontinued in three to four years, and…
Indonesia launches $7 billion loan guarantee scheme for 'priority' companies
JAKARTA (Reuters) – Indonesia has launched a 100 trillion rupiah ($6.92 billion) loan guarantee scheme targeting businesses in priority sectors as part of efforts to…
Alpha Bank seals deal to sell bad debt portfolio
ATHENS (Reuters) – Alpha Bank (ACBr.AT), Greece’s fourth-largest lender, has agreed to sell a portfolio of bad loans worth 1.1 billion euros to Poseidon Financial…
Loan apps in India accused of harassment during pandemic; new rules imposed
BANGALORE – Ms Chetna Kadu panics every time her phone rings. For three months now, she has been receiving calls from unknown numbers at all…