Half of all SMEs project stagnant turnover growth according to the results of the SME Development Survey 2015, published in Nov 2015. The survey identified three main concerns faced by SMEs; Difficulty in hiring staff, high manpower costs, and increasing competition. The report goes on to give an excellent view of the SME landscape, […]
MAS has expressed concerns that some borrowers may be overstretched, and have since introduced a new measure in which property buyer’s monthly payment do not exceed 60% of their income. The introduction of the Total Debt Servicing Ratio (TDSR) framework might leave you asking yourself, what is an IVA? Will it take into consideration borrowers’ […]