Cash Flow Support for Individuals and SMEs – Help from the MAS during the COVID-19 pandemic

20 Apr 2020

On 31 March 2020, the Monetary Authority of Singapore (“MAS”), together with the Association of Banks in Singapore, the Life Insurance Association, the General Insurance Association, and the Finance Houses Association of Singapore announced a package of financial measures to help individuals and small medium enterprises (“SMEs”) manage their cash flows and meet their financial obligations in the midst of the COVID-19 pandemic. This article aims to discuss the measures introduced.

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