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Finance

ASEAN banks prepare for flood of bad loans amid coronavirus havoc

DBS and Siam Commercial ramp up provisions as economic outlook deteriorates

Banks in Southeast Asia are wary of business closures and bankruptcies as the spread of the coronavirus causes economies to stagnate.

SINGAPORE -- Across the Association of Southeast Asian Nations, banks are bracing for a tide of nonperforming loans as the coronavirus pandemic rattles companies' cash flows and creates difficulties in repaying debt.

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