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NEWS ANALYSIS

Temasek sold off NOL, so why save PIL?

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Homegrown PIL employs some 9,000 people worldwide. It also has active business relationships with 700 to 800 vendors in the Republic, including about 100 homegrown Singapore entities.

Singapore

TEMASEK Holdings decided against taking a long-term view with former flag carrier Neptune Orient Lines (NOL) five years ago. Why is it answering Pacific International Lines' (PIL) call for help now?

The outlook for container shipping is as bleak as ever. Big, slow vessels...

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