Sunday, February 16, 2025
HomenewsMassive defaults hit Govt-backed loans

Massive defaults hit Govt-backed loans

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Business Writer Despite having favourable interest rates and terms, loans with Government guarantees continue to underperform when it comes to repayment, raising questions on the credit-granting criteria and credit quality of the beneficiaries. It also means an increased burden on the taxpayer as the Government will eventually have to step in when the loans are […]

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