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Association of Banks in Singapore to develop code of best practices to strengthen commodity financing standards in Singapore: Chan Chun Sing
The commodities trading industry will be partnered with two key initiatives to increase banking confidence in the industry.
November 02, 2020
Hin Leong bankruptcy may cause local NPLs to rise
Hin Leong Trading, an unlisted oil trading company that last reported a turnover of US$20 billion ($28.5 bil-lion), has had its credit lines from the banks frozen. According to an affidavit dated April 17 by Lim Chee Meng, whose fath
April 23, 2020