More funding support ahead for marine firms
MTI announces enhancements to Internationalisation Finance Scheme and reintroduction of Bridging Loan facility
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Singapore
MARINE and offshore engineering (M&OE) companies in Singapore will soon enjoy more financing support from banks and the government as the industry contends with prolonged weakness in oil prices amid global economic uncertainty.
The Ministry of Trade and Industry (MTI) on Friday announced enhancements to IE Singapore's Internationalisation Finance Scheme (IFS), as well as the reintroduction of Spring Singapore's Bridging Loan (BL), for companies in the M&OE industry.
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