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
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 facilities and relief from foreign worker levy are some of the "immediate relief" being sought by the O&M players from the government, Singapore Business Federation (SBF) chief executive Ho Meng Kit told The Business Times.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
