“It is HSBC’s case that it has been a victim of brazen fraud perpetrated by the defendants,” the bank’s lawyers said in an opening statement, adding the Lims cheated various banks into extending ...
Singaporean man fined RM51,000 for illegally importing more than 180kg of food products from China
A Singaporean man was fined $15,000 (RM51,000) on Thursday for illegally importing more than 180kg of meat and seafood products from China, according to a joint statement by the Singapore Food Agency ...
Singapore’s middle distillates stocks steady; imports rise
Singapore's middle distillates stockpiles were little changed as an uptick in weekly imports for both gasoil and jet fuel/kerosene capped drawdowns, official data showed on Thursday.
Genting Singapore H1 profit more than trebles on improved visitor arrivals
GENTING Singapore posted a net profit of S$276.7 million for the six months ended Jun 30, 2023, more than three times the S$84.4 million in earnings in the same period a year ago. Read more at The ...
OCBC app new security feature prompts users to delete unofficial 3rd party apps, bank says no breach in privacy
Before OCBC rolled out the new security update, they would have at least one reported case of malware from third-party apps that led to users having their bank accounts drained. Chua stated that since ...
Singapore Exchange revises IPO rules for life science firms
Singapore Exchange Ltd (SGX) is amending its initial public offering (IPO) rules to clarify that life science companies seeking to list on its mainboard exchange do not need to be revenue-generating.
Liquidators of Hin Leong, top creditor HSBC seeking repayment in civil suit
THE court-appointed liquidators of beleaguered oil trader Hin Leong Trading, as well as its largest creditor HSBC, are seeking US$3.5 billion from the company’s founder Lim Oon Kuin (better known as ...
Man fined $15,000 for illegally importing more than 180kg of food products from China
SINGAPORE - A Singaporean man was fined $15,000 on Thursday for illegally importing more than 180kg of meat and seafood products from China, according to a joint statement by the Singapore Food Agency ...
Singapore fuel oil inventories drop to three-week lows
Residual fuel oil stocks at key trading hub Singapore retreated to three-week lows, official data showed on Thursday, amid a strongly backwardated market and high storage financing costs. Onshore fuel ...
Singapore stocks rise on Thursday amid mixed regional trading; STI up 0.3%
Local stocks inched higher on Thursday amid mixed trading in the region and a nervy session on Wall Street overnight ahead of upcoming inflation figures. Read more at straitstimes.com.
7 Singapore companies on Forbes Asia’s Best Under A Billion 2023 list
SINGAPORE — Seven Singapore companies made it to this year's Forbes Asia's Best Under A Billion list. The annual list, released on Thursday (10 August), highlights 200 small and midsized publicly ...
Millions of crypto investors’ wallets at risk of attacks due to security flaws, says study
Dubbed BitForge, it had impacted popular wallet providers like Coinbase WaaS and Binance. Read more at straitstimes.com.
Singapore first among ASEAN members to skip Myanmar junta-hosted military exercises
The Southeast Asian nation joined Australia, Japan, New Zealand, South Korea and the USA in declining to attend one of a series of defence ministers’ summits on counter-terrorism strategies ...
TVS Supply Chain Solutions IPO: Subscription Opens TODAY! Check Latest GMP, Allotment, Lisiting Dates, Price Range – All Details
The TVS Supply Chain Solutions IPO is a book Built Issue with a total issue size of Rs 880 core. The price range of the IPO is Rs 187 to Rs 197 per share and the IPO will list on BSE and NSE.
Singapore’s OK Lim faces liquidators, banks in US$3.5 bil case
Hin Leong’s liquidators are PricewaterhouseCoopers LLP’s Chan Kheng Tek and GTP Advisory PAC’s Goh Thien Phong.
Singapore Chess Federation ex-treasurer awarded S$120,000 in defamation suit over sexual misconduct allegation
Mr Jasmin Nisban’s lawsuit arose from efforts by others to oust the chess body’s president and executive council in 2015, following a shock election result.