People's Daily Online, 16 Apr 2009
Singapore's government-backed loans reached a monthly record high in March with 1,415 loans approved, a government official said here on Wednesday.
Singapore's Minister of State for Manpower and Trade and Industry Lee Yi Shyan said that government-backed loans rose to a total value of more than 760 million Singapore dollars (about 507 million U.S. dollars) in March with small and medium-sized enterprises (SMEs) being the main beneficiaries.
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