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O&M players eyeing govt backstop for debt pool

In the meantime, lower JTC rents and foreign worker levy relief could be sorely needed reprieve

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Embattled offshore and marine (O&M) players' ultimate wish list may be for the state to backstop loans to spur banks to lend but for now, they are seeking some "low hanging fruits" for a reprieve amid wrenching times.

Singapore

EMBATTLED offshore and marine (O&M) players' ultimate wish list may be for the state to backstop loans to spur banks to lend but for now, they are seeking some "low hanging fruits" for a reprieve amid wrenching times.

Higher working capital loans, lower rents for JTC

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