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| Name | Household, corporate debt situation in Singapore expected to remain resilient: Alvin Tan |
| Video Uploader | Video From CNA |
| Upload Date | This Video Uploaded At 09-05-2022 17:04:50 |
| Video Discription | The number of financially distressed consumers who sought help from banks has decreased over the past year. This update was given by Minister of State for Trade and Industry Alvin Tan, after MPs asked if there have been more such cases because of rising interest rates. The overall debt servicing ability of households has also remained manageable. It's reflected in the median total debt servicing ratio at 43% in 2021, well within the threshold of 55%. The household and corporate debt situation in Singapore is expected to remain resilient. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service on Telegram: https://cna.asia/telegram Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia [Q3U4aStkLs0] |
| Category | News & Politics |
| Tags | CNA | Channel NewsAsia | consumers | Alvin Tan | banks | interest rates | debt management | Singapore | TDSR | total debt servicing ratio | Singapore parliament | parliament |
