SINGAPORE (Oct 1): Loan growth slowed in Singapore in August, with loans up 1.5% from a year earlier, compared with July's 2.2% pace.

The slowdown hit business loans, led by an accelerated decline in loans to manufacturing and a sharp slowdown in loans to transport, storage and communications businesses, RHB Research notes.

The slide was mitigated by smaller declines in loans to business services and financial institutions, it adds.

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