The Monetary Authority of Singapore is in talks with lenders about extending the nations debt moratorium program beyond Dec. 31 to provide extra relief for borrowers hit by the fallout from the COVID-19 pandemic, people with knowledge of the matter said.
One of the key measures being discussed is the possibility of lengthening the debt relief program, with industries that have been impacted most by the pandemic potentially having aid extended by as much as six months, the people said, asking not to be identified because the talks are confidential.
A tiered approach is being considered, so relief is targeted to those needing the most help, one of the people said.
Details of the plan and what types of borrowers would be covered under an…
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