Friday 29 Mar 2024
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SINGAPORE (April 21): The Monetary Authority of Singapore has told banks here not to “de-risk indiscriminately” from the bunkering and oil trading sectors.

Hin Leong Trading, a major oil trading and bunkering provider, is seeking protection from creditors. 

It has some U$800 million in undeclared losses, and the police have commenced investigations.

As at April 9, the company carries a debt of...(click on link for full story on theedgesingapore.com)

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