Singapore regulator, banks in talks to extend debt relief scheme

One of the key measures being discussed by the Monetary Authority of Singapore (MAS) and local banks is the possibility of lengthening the debt relief programme, with industries that have been impacted most by the crisis potentially having aid extended by as many as six months

SINGAPORE: Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium programme beyond Dec 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic, according to sources.

One of the key measures being discussed by the Monetary Authority of Singapore (MAS) and local banks is the possibility of lengthening the debt relief programme, with industries that have been impacted most by the crisis potentially having aid extended by as many as six months, the sources said.