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Distressed businesses may offer opportunities for buyers

Published Fri, Apr 8, 2016 · 09:50 PM
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SINGAPORE positions itself as a regional financial hub. However, the underlying global fundamentals are changing.

The recent announcement by Moody's that it is downgrading its rating for Singapore's major banks from "stable" to "negative" is a further sign of the weakening economic outlook across the region. While confidence remains that the banks have robust positions in place around capital, loan loss provisions and pre-provision income, depressed commodity prices, the global economic and manufacturing slowdown and the prospect of further rises in US interest rates have created a perfect economic storm over the South-east Asian economies.

However, for a cash-rich investor, challenging economic conditions can create opportunities to strike better deals as companies facing financial distress will n…

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