June 29th, 2008
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SINGAPORE (Thomson Financial) - Commercial bank lending in Singapore grew to S$256.91 billion in May from S$203.80 billion a year ago, led by a jump in business loans on the back of robust construction activity, data from the Monetary Authority of Singapore showed on Monday.
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Labour is struggling to reach a single deal with 11 wealthy businessmen to postpone repayment of up to £14m ($28m) of loans, due in coming months.
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MANILA, Philippines - Foreign currency loans continued to rise in the first quarter, the central bank said, on the back of a strong peso and "favorable macroeconomic conditions."
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Foreign currency deposit units (FCDUs) recorded a $1.3-billion annual rise in loans during the first quarter of the year as borrowers opted to borrow in foreign currency to finance their requirements.
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Some lenders struggle to keep their cushion against bad loans on pace with their questionable credits, and the FDIC calls the shortfall the banking industry's biggest challenge Shaky loans on lenders' books are rising at a faster pace than the reserves that banks are setting aside to cover potential losses.
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Better loans The federal government will offer lower interest rates and new borrower benefits for student loans starting Tuesday.
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Millions of students could find college more affordable on Tuesday, when lower interest rates on federal loans take effect.
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Demand for mortgages from the federal Department of Veterans Affairs is rising sharply, the V.A. said.
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(ARA) - The credit crunch is arriving on college campuses this summer and many families who qualified for student loans last year could find themselves without loans this year if they wait until August to apply.
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The U.S. Department of Agriculture (USDA) offers grants and low-interest loans to help low-income and elderly people maintain a safe home environment through its rural development program.
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