Results for Singapore
- Singapore's Big Banks' Bad-Loan Woes May Be Getting Worse
The woes of Singaporean energy-services provider Ezra Holdings Ltd. are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings. A writedown flagged by Ezra recently has refocused attention on the debt- ...
Daily Headline - global.abi.org - 02/12/2017 - 21:35 - 0 comments
- Oceanus In Debt Restructuring Deal With Key Creditors
Homegrown premium seafood supply chain manager Oceanus Group has entered into a binding term sheet with its key creditors in relation to a proposed debt restructuring, The Business Times reported. This is done by converting 76.4 per cent of its total ...
Daily Headline - global.abi.org - 01/24/2017 - 21:53 - 0 comments
- Falcon Bank’s Former Singapore Manager Sent to Prison in 1MDB Probe
A Singapore court Wednesday sentenced a former branch manager of Switzerland’s Falcon Private Bank AG to prison for crimes connected to the alleged multibillion-dollar misappropriation at Malaysian state investment fund 1MDB, The Wall Street Journal ...
Daily Headline - global.abi.org - 01/11/2017 - 22:44 - 0 comments
- Singapore Puts Banker on Trial in Case Linked to 1MDB Money Laundering
A private banker who helped manage the accounts of Malaysian state investment fund 1MDB went on trial Monday in Singapore. The proceedings against Yeo Jiawei, 33 years old, formerly a wealth manager at the local branch of Swiss bank BSI SA, marks a step ...
Daily Headline - global.abi.org - 11/01/2016 - 20:52 - 0 comments
- Marco Polo Noteholders Approve Debt Restructuring
Marco Polo Marine’s noteholders have voted to approve a restructuring S50m ($36m) of the Singapore-listed company’s debt, which will give the offshore supply vessel operator breathing space. As a result of the vote, the ordinary maturity date of the note ...
Daily Headline - global.abi.org - 10/16/2016 - 21:19 - 0 comments
- Singapore Court Approves Judicial Management For Troubled Swiber
A Singapore court on Thursday appointed financial advisory firm KPMG as judicial manager for Swiber Holdings Ltd, allowing the troubled oilfield services firm to be kept under a process through which it could be nursed back to health, Reuters reported. S ...
Daily Headline - global.abi.org - 10/06/2016 - 19:49 - 0 comments
- Swissco Joins Debt Restructuring Frenzy
The oil price rebound has come too late with another firm in the offshore sector joining the debt restructuring frenzy amid the most brutal industry downturn in 30 years, The Straits Times reported. Singapore-listed rig and vessel chartering group Sw ...
Daily Headline - global.abi.org - 10/04/2016 - 20:31 - 0 comments
- Another Shipping Insolvency: Rickmers Maritime Trust
Hanjin isn’t the only player in the ocean shipping world that has become insolvent, Global Trade reported. Rickmers Maritime Trust (RMT), a Singapore-listed owner of containerships has become the latest casualty in a growing list of containership owners ...
Daily Headline - global.abi.org - 10/03/2016 - 18:08 - 0 comments
- Shareholders Approve Temasek Buyout of Singapore Rail Operator
Minority shareholders of Singapore's main rail operator SMRT Corp Ltd voted overwhelmingly today in favor of Temasek Holdings' S$1.18 billion ($866 million) bid to take full control of the company, Reuters reported. Of the shareholders present ...
Daily Headline - abi_admin - 09/29/2016 - 14:12 - 0 comments
- Marco Polo Marine Expresses Doubt On Ability To Continue As Going Concern
Mainboard-listed Marco Polo Marine said on Thursday (Sept 22) there may be a "substantial doubt about the group's ability to continue as a going concern", The Straits Times reported. Its statement to the Singapore Exchange accompanied ...
Daily Headline - global.abi.org - 09/21/2016 - 22:07 - 0 comments