Eight SOEs financial ‘red flags’

Experts in the Ministry of Finance are raising a fiscal red flag on eight cash-strapped state-owned enterprises (SOEs), warning that they are likely to put Government’s finances under pressure over the next three years.

The Fiscal Risk Statement (FRS) 2026, prepared by the Fiscal Risk Unit (FRU) of the Ministry of Finance, found a 50 per cent to 100 per cent probability that Government will have to bail out the Transport Board, Hope Ownership Providing Energy (HOPE) Inc., Queen Elizabeth Hospital (QEH)...