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COMMENTARY

Singapore banks can't afford to be relaxed about rig-building woes

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It's not clear how much of Singapore's bad loans for 2015, the highest since 2009, are due to low commodity prices, because banks don't give a detailed industry breakdown of their assets.

Singapore

IT'S not clear how much of Singapore's bad loans for 2015, the highest since 2009, are due to low commodity prices, because banks don't give a detailed industry breakdown of their assets. Given the city's focus on becoming a global rig-building hub, chances are there's a link.