I refer to the article “Bank lending up 6.2% to $640.68b in September” (Straits Times, Nov 1).
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S’PORE HOUSEHOLDS MORE IN DEBT THAN US & KOREA
Singaporean households are more levered than their counterparts in the US or Korea, with asset to equity ratio reaching 120% for Singaporean households compared to 80-90% for US and Korea.
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