Credit card bad debts fell to $13.8mn in January 2011

Billings fell 11.9% month-on-month to $2.8 billion, according to OCBC.

M2 money supply growth stabilised at 8.5% year-on-year, versus December's 8.6%.

Credit Card bad debts fell sharply from $17.2 million to $13.8 million.
 

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