Rising Loan Interest Rates Threaten Small Businesses in Singapore

Jewel Stolarchuk
Fri, 20 Oct 2023 04:34:11 +0000
Singapore News, Interest rates, small companies

SINGAPORE: In a challenging economic landscape, a number of local small businesses and start-ups are reportedly finding themselves on the brink of bankruptcy as loan interest rates continue to soar. This alarming trend has raised concerns among various chambers of commerce, which asserted to Channel 8 news that the loans available to their members no …