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‘Grow up as a market’, TSMP Law’s Thio urges Singapore

Michelle Zhu Published on Mon, Nov 07, 2016 / 6:09 PM GMT+8

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SINGAPORE (Nov 7): Stefanie Yuen Thio believes Singapore needs to “grow up” as a market, especially when it comes to dealing with junk bonds.

“We cannot go crying to daddy whenever we scrape our knees on the trading room floor, and with the spectre of a world economic recession upon us, the faster we learn these lessons, the better,” writes the joint managing director of TSMP Law Corporation in The Forefront: By TSMP on Monday.

One prime example would be the oil and gas (O&G) sector, which began in the third quarter of this year when the Singapore Exchange (SGX) listed offshore services firm, Swiber Holdings, announced its appointment of provisional liquidators.

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‘Grow up as a market’, TSMP Law’s Thio urges Singapore