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Coffeeshop Chit Chat - Singapore banks business kill themselves</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>killypap <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Mar-12 7:52 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>30023.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Singapore banks, finance instutition would not hesitate to sue for bankruptcy
so as the business creditors would not hesitate to sue their debtor customers for bankruptcy.
In the end who wins?????
When will Singapore banks and finance learn to support the industries?????
This is what is happening in Malaysia and Japan.
The Malaysian bank did not want to sue to bankrupt the company that I was there to restructure in 2003 on RM1.2 million non performing loan that I manage to turn it around into profitable company in 16 months.
Look what is happening in Japan now, Japan Govt too support their SMEs to weather tough times but not Singapore!
Regional Bankruptcies at Lowest Level in 37 Years Posted: 03/11/2010
The Fukuoka branch of Tokyo Shoko Research reports that February corporate bankruptcies in Kyushu and Okinawa Prefecture exceeding 10 million yen in liabilities were down 23.5% from the year-before period to 65. This is the 13th straight monthly year-on-year decline, and the lowest number of monthly bankruptcies since the total of 47 in 1973. The decline was attributed to the government’s policy of allowing small businesses to postpone bank loan payments.
There is hope in Malaysia and Japan but not Singapore!
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so as the business creditors would not hesitate to sue their debtor customers for bankruptcy.
In the end who wins?????
When will Singapore banks and finance learn to support the industries?????
This is what is happening in Malaysia and Japan.
The Malaysian bank did not want to sue to bankrupt the company that I was there to restructure in 2003 on RM1.2 million non performing loan that I manage to turn it around into profitable company in 16 months.
Look what is happening in Japan now, Japan Govt too support their SMEs to weather tough times but not Singapore!
Regional Bankruptcies at Lowest Level in 37 Years Posted: 03/11/2010
The Fukuoka branch of Tokyo Shoko Research reports that February corporate bankruptcies in Kyushu and Okinawa Prefecture exceeding 10 million yen in liabilities were down 23.5% from the year-before period to 65. This is the 13th straight monthly year-on-year decline, and the lowest number of monthly bankruptcies since the total of 47 in 1973. The decline was attributed to the government’s policy of allowing small businesses to postpone bank loan payments.
There is hope in Malaysia and Japan but not Singapore!
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