SINGAPORE (June 30): Singapore's bank loans fall again, in another indication of a slowing local economy. Total loans outstanding fell 0.7% on-year to $592.78 billion in May, data from the Monetary Authority of Singapore released on Thursday show.
Loans, however, rose 0.5% in May over April. Loans for manufacturing continued to grind lower over last year, while credit taken for building and construction activities rose, the data show.
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