Swiber Holdings

SINGAPORE (Aug 14): The energy collapse continues to rack up victims in Singapore.

SINGAPORE (Aug 12): Swiber Holdings said on Friday night that it has received claims totalling US$113.5 million ($152.7 million).

SINGAPORE (Aug 12): The market had been on tenterhooks about bad loans in the offshore and marine sector (O&M) since the beginning of this year. And the Swiber debacle has left the market feeling nervous about Singapore’s biggest bank.

SINGAPORE (Aug 10): Pacific Radiance has issued a clarification regarding the provision of $10.1 million for doubtful receivables for services rendered to the related entities of Swiber Holdings.

SINGAPORE (Aug 8): DBS Group Holdings’ top executive defended his bank's decision to throw Swiber Holdings a $197 million lifeline, indicating the lender was caught off guard by the speed at which the energy-services company collapsed in recent week

SINGAPORE (Aug 8): DBS Group Holdings, Singapore's biggest lender, posted a 6% drop in 2Q profit, hit by a sharp jump in provisions for bad loans as firms in the oil and gas services sector struggle to service debt.

SINGAPORE (Aug 8): With a market value of $50 million, Swiber Holdings hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore’s banking and energy