Singapore To Extend Business Loan Schemes By A Year To 2011

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SINGAPORE -(Dow Jones)- The Singapore government said Monday that it will extend the financial support programs for local companies by a year to 2011 to maintain continuity to sustain the nation's nascent economic recovery.
The government expects to support up to S$8.4 billion in new loans from February 2010 to end-January 2011. But it also noted that the global economic outlook no longer poses a grave risk to the domestic economy.
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