Singapore LNG gets S$1.11b term loan

To refinance some of the government loans used to fund the development and construction of the initial phases of the liquefied natural gas (LNG) terminal located on Jurong Island, Singapore LNG (SLNG) announced on Thursday that it has secured a S$1.11 billion term loan facility. The lenders are Citibank, DBS, Mizuho, Oversea-Chinese Banking Corp and Bank…

Non-performing mortgage loan risks to persist in banks

NON-performing mortgage loan risks will persist for Singapore banks this year, albeit with a shift from defaults by foreigners on luxury homes to those by locals on suburban homes. Banks remain safe, nevertheless. Maybank Kim Eng analyst Ng Wee Siang, in a report this week, said that high-end apartment prices may have fallen sharply, but…