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Singapore Containers Finance

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

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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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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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