EnergyWatch

Default fears resurface over Singapore's looming debt wall

Massive debts trigger renewed fear of defaults among Singapore's oil service companies. Most recently, firm Ezra Holdings has filed for Chapter 11 in the US, and the company's shareholders could face significant losses.

Photo: Ed Wray/AP/POLFOTO/arkiv

Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing of a firm from the city flags lingering pain despite economic recovery.

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