Swiber Holdings

[corydorus]

People forget DBS is actually short form for Development Bank of Singapore. That's the root which Temasek forgotten

It doesn't make economic sense but is O&G a strategically important sector for Singapore? I think so. Go regional was also a strategic thrust. So it depends which side of the fence you choose to sit on eg customers, managers, opmi, citizen etc. When one choose to be a opmi than one should know the company's mission, which might include creating wealth for major shareholders like some other O&G companies, or maybe even just a vehicle to rip off the capital markets.

I am actually quite surprised they will let Swiber go but like I said it is probably because for some reason they came to the conclusion that it is no longer feasible. When a company is insolvent, the creditors talk louder than the board.

Maybe they need to Kill one to warn other companies to better buck up and control their cost, operation efficiency and expansion.
Tax payer money is not free for them to pay themselves high high.