Is Singapore necessarily a well run country?
Good spot by CI about the PM contradicting himself: "A week ago he said that he is confident the country is taking the right growth strategies to move forward, but last night when talking to his NTUC running dogs he talked about a longer-term strategy to continue growing and creating good jobs. The 24 Oct remarks stated that...
Reuters: Singapore Inc faces $12 billion debt scramble
Singapore companies, highly exposed to slowing global trade and a lackluster commodity market, face a financing scramble in 2017, as more than US$12 billion of their bonds falls due and banks grow wary of lending to the resources sector. That could trigger more blood-letting in a market that has already seen some high-profile...
Stresses for Singaporean Energy Firms Deepening, OCBC CEO Says
Stresses among Singapore’s oil and gas companies are deepening, the head of Southeast Asia’s second-largest lender said, signaling that more firms grappling with the slump in energy prices may face difficulties repaying their debts. “I don’t think the oil and gas sector is in a situation where it is in a recovery mode...
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