Arcachon
10-03-20, 17:24
https://www.99.co/blog/singapore/can-the-oil-price-crash-affect-singapores-property-market/?fbclid=IwAR215WORVAfohxx7_ge4pbBSt8zmEzbrSeojs9LDDC1iUhLJ72-Dt_pUgRU
Remember the time from 2015 to 2016? The aftermath from a slump in oil prices saw more layoffs and fears of bank exposure (energy companies tend to be highly leveraged, so there’s always a fear of defaults or restructured debts when oil-related companies can’t pay the banks).
Singapore is Asia’s main oil hub. We have over 3,000 Marine and Offshore Engineering (M&OE) companies here. Many of those firms bring in expatriate workers – from mid-level S-pass workers, to the more affluent C-suite and senior management types.
Remember the time from 2015 to 2016? The aftermath from a slump in oil prices saw more layoffs and fears of bank exposure (energy companies tend to be highly leveraged, so there’s always a fear of defaults or restructured debts when oil-related companies can’t pay the banks).
Singapore is Asia’s main oil hub. We have over 3,000 Marine and Offshore Engineering (M&OE) companies here. Many of those firms bring in expatriate workers – from mid-level S-pass workers, to the more affluent C-suite and senior management types.