2021 to bring more corporate distress
Fiscal support to continue into 2021, but comes with a tricky balancing act: to taper, target, and pivot
Add BT as a preferred source
Singapore
THERE is more corporate distress ahead next year as private markets will draw a clearer line between enterprises that will survive, and those who are due to downsize or disappear in the midst of a pandemic-fuelled crisis.
It is unclear if the bulk of such creative destruction will come through in 2021, said managing director of the Monetary Authority of Singapore Ravi Menon.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
