News

Shipping & Marine

Terry Gangcuangco

, Singapore

Published:

7 years ago

Ezra's US bankruptcy filing sends shockwaves

Six firms have defaulted since November 2015.

According to data compiled by Bloomberg, firms in Singapore except for banks must repay $38b (US$27b) of local bonds through the end of 2020.

"Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a US bankruptcy filing of a firm from the city flags lingering pain despite economic recovery. Pressure to pay down obligations has been unrelenting," said Bloomberg in a report.

It noted that since November 2015, six firms have defaulted on $1.2b worth of notes.

Also Read

Singapore's maritime cluster navigates towards digital, green future

GDSC set to boost green jobs, health, and economic growth

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Singapore and Netherlands to establish container tracking service

This is Singapore’s second agreement under the Track and Trace Service.

Transport & Logistics

1 hour ago

Singapore ready to tap Philippine market potential

For years, Singapore has been a top foreign investor in the Philippines.

Economy

1 hour ago

CICT NPI rises 6.3% YoY to $293.7M in 1Q24

Gross rental income growth and lower operating expenses drove the uptick.

Commercial Property

2 hours ago

MAS issues 8-year prohibition orders to ex-Prudential rep

The former Prudential rep misappropriated $117K in premiums.

Insurance

2 hours ago

Exclusives

Industry boosts accounting appeal with new roles, education programmes

There has been a 10% decrease in accounting degree students at universities in Singapore.

Financial Services

2 days ago

20 Hottest Startups of 2024

Sustainability-focused startups dominated the list.

Markets & Investing

Colliers transforms Singapore office into regional powerhouse

The newly revamped office showcases Colliers’ commitment to innovation, collaboration, and sustainability.

Commercial Property

Days of excess are over, investors warn founders

Deal activity in Asia Pacific fell 26.3% YoY in 2023.

Markets & Investing

Event News

SC Ventures was lauded at the SBR Technology Excellence Awards for exploring digital asset potential

Co-Written / Partner

The innovation, fintech investment and ventures arm of Standard Chartered has achieved a significant milestone in cross-border payments and financial innovation.

Co-Written / Partner StarHub clinches SBR Technology Excellence Awards for first outdoor Wi-Fi

Co-Written / Partner AIA Singapore triumphs at SBR Technology Excellence Awards 2024 for digital innovation in life insurance

Co-Written / Partner Trust Bank catapults to success in highly competitive market with modern, cloud-native technology

Co-Written / Partner SC Ventures was lauded at the SBR Technology Excellence Awards for exploring digital asset potential

The innovation, fintech investment and ventures arm of Standard Chartered has achieved a significant milestone in cross-border payments and financial innovation.