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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
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Anita Gabriel
Published Wed, Sep 21, 2016 · 09:50 PM
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.
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