The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    SJ Heng, senior director of commerce at Heineken Asia-Pacific, says that a beer's brand is "not determined by the postal code of the brewery".

    Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation

    Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua at the inaugural Business Conclave.

    Single founders, billion-dollar valuations: AI is minting unicorn startups at birth

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More