MAS also said that earnings are expected to improve in the second half of 2024, which reflects the pick up in economic growth in the third quarter. — The Straits Times
SINGAPORE: Despite still-high borrowing costs and weaker earnings, businesses in Singapore have been able to service their debts, the central bank has found, adding that macroeconomic uncertainty and geopolitical tensions are key hurdles ahead.
The Monetary Authority of Singapore (MAS) said on Nov 27 in its annual review of the corporate sector’s financial resilience that in the past four quarters, businesses’ balance sheets have stayed stable despite market volatility.
