.StanChart sets aside US$1b to finance pharma firms, mask makers amid Covid19
STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak. Read more at The Business Times.
STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.These firms will include manufacturers and distributors in the pharmaceutical industry and healthcare providers, as well as manufacturers of items such as ventilators, face masks, protective equipment and sanitisers.
The bank that derives about two-thirds of its total operating income from Asia intends to offer financing at preferential rates to these companies. The financing will come in the form of loans, import finance, export finance, or working capital facilities to help these firms tool up, and get their products to market.
In a press statement, Simon Cooper, chief executive officer of StanChart's corporate and institutional banking division, said: "Clearly there’s a cost for companies to switch into these hugely in-demand items, so it’s an area where we can help them get up and running more quickly. At the same time, we want to make sure that existing manufacturers and service providers get the support they need."Read more: The Business Times »
COVID-19: Public urged to buy food and groceries online, defer visiting mallsSINGAPORE — With safe-distancing measures being implemented, authorities have urged the public to buy food and groceries online, and head to malls only for essential needs. Gahmen cares for you and your family, listen to gahmen. Don't be cheeky hor. Not just about you, but your family, ah gong and ah ma, and those kind medical workers. If u got money, of cos can buy food n groceries online, But what if u only got enough to spend $6 for a family of six in a day?
COVID-19: Singaporeans urged to defer non-essential trips to mallsSINGAPORE: Authorities are urging those in Singapore to defer non-essential trips to malls, after safe-distancing measures kicked in across the ... Define non essential. What about all the restaurants located in the malls? Are you asking them to close down? Why not closing school than Will these people only understand and obey when this very little sense of normalcy is taken away like those of other countries?
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Covid-19: Govt advises public to stay home, avoid going to mallsSINGAPORE — The Government has urged the public to stay at home and cut non-essential trips to malls to help prevent the spread of the coronavirus. This came after long queues formed at some malls across the island following the implementation of safe distancing measures to regulate crowds. Was at Seletar Mall awhile ago..they do restrict the entrance n exit points but no temperature taking or restriction of human traffic flow going into the mall..there are still many people inside the mall 🤦🏻♀️
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