tkl, your friend must be char kway teow guy..no loan from the bank does not mean no recovery...bcuase your friend is just a number...no business, then close down..talk so much if not happy, then work or if not, then borrow money from u afterall u are so good to give advice to pple so do it, dot talk only.
Decoupling! Yes!.. in this respect, we are not connected... not to US sub-prime, not to Dubai... but our exports markets,( we are told ) are the US and now the Middle East!
Interest rates for deposits = 0.25% Interest rates for loans = 6.50%
The report is on US. Not applicable to Singapore.
ReplyDeleteRgds
My friend, who runs a small business, told me that he finds it difficult to get bank credit in Singapore. I think that the problem is world wide.
ReplyDelete"The report is on US. Not applicable to Singapore".
ReplyDeleteThe assumption of such statement is decouple theory !
I thought interest rates are very low is because banks are flushed with deposits and there are not many borrowers.
ReplyDeletetkl, your friend must be char kway teow guy..no loan from the bank does not mean no recovery...bcuase your friend is just a number...no business, then close down..talk so much if not happy, then work or if not, then borrow money from u afterall u are so good to give advice to pple so do it, dot talk only.
ReplyDeleteDecoupling! Yes!.. in this respect, we are not connected... not to US sub-prime, not to Dubai... but our exports markets,( we are told ) are the US and now the Middle East!
ReplyDeleteInterest rates for deposits = 0.25%
Interest rates for loans = 6.50%
The spread is wider than products in Geylang.