SINGAPORE (BLOOMBERG) – The Monetary Authority of Singapore (MAS) is in talks with lenders about extending the Republic’s debt moratorium programme beyond Dec 31 to provide extra relief toborrowers hit by the fallout from the coronavirus pandemic, according to people with knowledge of the matter.
One of the key measures being discussed by the MAS and local banks is the possibility of lengthening the debt relief programme with industries that have been impacted most by the crisis potentially having aid extended by as many as six months, the people said, asking not to be identified because the talks are confidential.
A tiered approach is being considered, so relief is targeted atthose needing the most help, one of the people said. Detail…
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