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Singapore takes lead to boost transparency in trade finance
Published Sun, Oct 18, 2020 · 09:50 PM
Singapore
WITH the commodity-trade finance business rocked by scandals and structural issues such as falling prices and regulatory pressures on profits, industry watchers are certain that this age-old business is due for reckoning.
And Singapore - which is so intimately tied to commodities trading from some 200 years ago - is playing a key role now in trying to bring greater transparency to this lending segment.
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