You are here

Over 7,600 businesses loaned about S$7.1 billion

Applicants under government-assisted schemes mostly from wholesade trade, manufacturing and construction

Hygge, a retailer at Haji Lane catering primarily to tourists, saw takings start to slide around March when travel restrictions were increasingly implemented to curb the spread of the virus.


MORE than 7,600 businesses in Singapore borrowed about S$7.1 billion from government-assisted schemes over the past few months, with most of the loan applications coming from the wholesale trade, manufacturing and construction sectors.

And the loan value, amassed from...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to