Singapore’s Lau Pa Sat hawker centre is empty of customers during the country’s “circuit breaker” lockdown. Many small businesses have received government-backed loans, leading to concerns that they may default as the Covid-19 pandemic drags on. Photo: BloombergSingapore’s Lau Pa Sat hawker centre is empty of customers during the country’s “circuit breaker” lockdown. Many small businesses have received government-backed loans, leading to concerns that they may default as the Covid-19 pandemic drags on. Photo: Bloomberg
Singapore’s Lau Pa Sat hawker centre is empty of customers during the country’s “circuit breaker” lockdown. Many small businesses have received government-backed loans, leading to concerns that they may default as the Covid-19 pandemic drags on. Photo: Bloomberg

Will Singapore banks regret easy loans for coronavirus-hit businesses?

  • Struggling businesses have taken out 2,500 loans since March and while there is a risk of default, analysts say the loans will prevent the larger calamity of businesses collapsing
  • Also, banks are well-capitalised and regulated enough so bad loans won’t threaten their viability
Topic |   Coronavirus pandemic
Singapore’s Lau Pa Sat hawker centre is empty of customers during the country’s “circuit breaker” lockdown. Many small businesses have received government-backed loans, leading to concerns that they may default as the Covid-19 pandemic drags on. Photo: BloombergSingapore’s Lau Pa Sat hawker centre is empty of customers during the country’s “circuit breaker” lockdown. Many small businesses have received government-backed loans, leading to concerns that they may default as the Covid-19 pandemic drags on. Photo: Bloomberg
Singapore’s Lau Pa Sat hawker centre is empty of customers during the country’s “circuit breaker” lockdown. Many small businesses have received government-backed loans, leading to concerns that they may default as the Covid-19 pandemic drags on. Photo: Bloomberg
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