MAS may delay unsecured loan cap implementation
The unsecured bank borrowing limit of 12 months’ income for consumers, which was slated to take effect in June, could kick in later. The Monetary Authority of Singapore (MAS) is reviewing the implementation timeline and details will be released early next month, said Minister for Culture, Community and Youth Lawrence Wong. He was responding to […]
Is Genting Singapore PLC Borrowing More Money (And How Would This Affect The Firm)?
According to a Business Times article published earlier today, Genting Singapore PLC (SGX: G13) has plans to borrow S$2.25 billion worth of loans from banks for refinancing of existing borrowings and general corporate purposes. There’s no official announcement from Genting Singapore on the matter just yet as of the time of writing (14:15 pm), but we can […]
Genting Singapore’s RWS to borrow $2.27 billion
Genting Singapore’s Resorts World Sentosa plans to raise $2.27 billion of bank loans, Bloomberg reported, citing sources familiar with the deal. The five-year syndicated deal will be split into a S$1.75 billion amortising term loan, a $500 million revolving facility, and a $20 million bank guarantee facility. Bank of Tokyo-Mitsubishi UFJ, DBS Bank, HSBC Bank, […]
Advisory Committee on Money Lending to release report soon
The Law Ministry will wait until a final report is submitted by the Advisory Committee on Money Lending before deciding on guidelines on appropriate conduct for debt collectors. The report is expected to be in by the first quarter of this year. Senior Minister of State for Law Indranee Rajah said this in Parliament on […]
Buyers must now get HDB loan letter earlier to book flat
Public flat buyers who want a Housing Board loan now have to get their official loan eligibility letter at an earlier stage. This is to avoid situations when buyers book a flat first but are then unable to get a sufficient loan for it, said the HDB in a statement yesterday. From this month’s Build-to-Order […]