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Is a state-backed rescue of PIL the right response?

Should the beleaguered line be rescued in the typical Singapore government fashion and should it be allowed to continue to exist in its current condition are two critical questions that need to be asked in the wake of news that Temasek wholly owned subsidiary Heliconia Capital Management has entered investment talks with PIL. The answer may well be to leave well alone

Singapore’s Pacific International Lines is looking at a potential rescue by a subsidiary of sovereign wealth fund Temasek, but decisions going forward may not be straightforward

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