MAS rolls out second relief package for individuals
Individuals can defer repayments of student and car loans as MAS aims to ease debt burden
Singapore’s central bank has unveiled a second package of relief measures to support those facing financial difficulties due to the Covid-19 pandemic, broadening a freeze on loan repayments.
The measures are aimed at easing cashflow, reducing debt burdens and ensuring access to basic banking services for impacted individuals, the Monetary Authority of Singapore (MAS) said on April 30.
The additional relief measures were rolled out as the economic outlook remains challenging and cases of the
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