IE Singapore, Spring back S$380m lifeline to battered O&M sector

More than 70 loan applications approved under IFS and Bridging Loan schemes, over 100 firms still indicating interest

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Published Thu, Jun 1, 2017 · 09:50 PM

Singapore

THE Singapore government has backed about S$380 million of loans extended by banks to the beleaguered marine and offshore engineering industry (M&OE) under two schemes announced last November.

IE Singapore and Spring Singapore have approved loan applications totalling S$380 million under the two government agencies' Internationalisation Finance Scheme (IFS) and Bridging Loan (BL), respectively as of April 2017.

Insolvency

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