Parliament: Bill protects business assets from repossession if SMEs can't afford instalments due to Covid-19

SINGAPORE - Business assets such as machinery and hire-purchase cars will be protected from repossession under the Covid-19 Bill passed in Parliament on Tuesday .

"So the aim of the Bill is to help them retain their business and their vehicles, where it makes sense to do so." The outstanding value of hire-purchase agreements related to motor vehicles at the end of last year is estimated to be have been about $2 billion, said Mr Shanmugam.

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The Straits Times /  🏆 8. in DE

Nothing for Indian businesses in Little India. There we only have cameras for surveillance :)

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