Xinhua, 25 Feb 2009
SINGAPORE, Feb. 25 (Xinhua) -- The Monetary Authority of Singapore (MAS) announced on Wednesday the revised rules for unsecured credit to financial institutions.
Starting from March 1, 2009, the minimum annual income requirement for unsecured credit facilities will be lowered from 30,000 to 20,000 Singapore dollars (from 19,600 to 13,000 U.S. dollars), the country's central bank said.
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