You are here

Pacific Radiance receives S$85m lifeline amid prolonged downturn

The loans come from two financing schemes under IE Singapore and Spring Singapore

Mr Pang said market conditions will remain challenging in the near-term.


OFFSHORE marine support services company Pacific Radiance has received S$85 million in loans under two Singapore government-backed financing schemes to help it tide over the prolonged marine and offshore engineering industry (M&OE) downturn.

The overdraft, disbursed...