Photographer: Kristian Helgesen/Bloomberg

Singapore Defaults Boost Calls for Aid as Oil Firms Falter

  • Government has introduced off-budget measures in the past
  • More bonds may default without further bank help: UBS analysts

Singaporean companies struggling to meet debt obligations as oil prices slump may get more support from the government if the economy deteriorates further, according to global auditing firm EY. UBS Group AG’s wealth management unit warns more defaults are possible.

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