Commodity trade financiers to enhance Singapore's standards.
BANKING AND CREDIT NEWS-July 3, 2020--Commodity trade financiers to enhance Singapore's standards
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 03 July 2020
Commodity trade financiers in Singapore are to collaborate to improve lending standards, according to Reuters.
The firms are teaming up to improve lending practices and transparency following a spate of defaults. Hin Leong Trading Pte Ltd and three other Singapore-based commodity traders had run into financial problems this year following the oil price crash.
Commodity trading accounts for 4.5 percent of Singapore's GDP. The move from the traders is expected to enhance confidence in...
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