, Singapore

Is government ready for bailout of companies facing default?

Businesses are scuffling against oil price slump.

The Singapore government, as it has done in the past, may have to come to the rescue of Singaporean companies struggling to keep their heads above water if the economy sinks further.

The wealth management unit of global auditing firm EY. UBS Group AG warned more bonds may default considering the slump in oil prices and the city-state’s economic condition.

Read the full report here.

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