Domino effect: When a main contractor is in trouble, smaller firms down the food chain will have difficulty keeping afloat given their tight margins and cashflows.
BT FILE PHOTO
Singapore
THE beleaguered oil and gas industry has barely started to climb out of the hole when another major business sector - construction - is headed for dark times, with increasing liquidations and collapses.
Backed into a corner by a shrinking market and cashflow gap, at least...
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