Kwek Leng Beng, the chairman of City Developments Limited, is accusing his son Sherman Kwek, who is the CEO, of "serious lapses of corporate governance".
CDL through the years: From humble roots to family rift at Singapore’s largest listed developer
The dispute has culminated in a High Court hearing on Feb 26 to hear Kwek Leng Beng’s lawsuit against his son and several board directors. Read more at straitstimes.com.
Singapore shares fall as company earnings disappoint; STI down 0.2%
The fallout left the Straits Times Index (STI) down 0.2 per cent or 7.82 points to 3,908.05 but gainers just beat losers 330 to 236 after 1.5 billion securities worth $1.7 billion changed hands.
Singapore Tycoon Kwek accuses son of boardroom coup attempt
The billionaire Kwek, 84, said in a statement that he had sought to dismiss his son, Sherman Kwek, from the CEO position earlier in February due to what he alleged were “serious lapses of corporate ...
Metro Department Store in Singapore to Accept Stablecoin Payments
Singapore 's Metro Department Store has recently decided to embrace stablecoin payments in partnership with dtcpay.
Iron ore dips on Chinese steel export concerns, US-Sino trade tensions
Iron ore futures prices weakened for a third straight session on Wednesday, weighed by a dampening outlook for Chinese steel exports and rising trade tensions between the U.S. and top consumer China.
Singapore alternative meat startups target resurgence after sector setbacks
To Singapore shoppers, plant-protein patties probably only exist in recent memory – of seeing them on promotion in grocers and eateries in the early 2020s.
Scam losses in Singapore surge to S$1.1b in 2024, crypto-related cases rising
Singapore saw a sharp rise in scam losses last year, with victims losing a record S$1.1 billion, the highest-ever total recorded. It is a more than 70 per cent rise in losses from 2023. Police also ...
Scam losses surge to S$1.1 billion in 2024, with crypto-related cases making up a quarter
THE TOTAL amount of money lost to scams surged 70.6 per cent to at least S$1.1 billion in 2024, from S$651.8 million in 2023, said the Singapore Police Force. Read more at The Business Times.
Singapore shares in the red as regional indexes fall; STI retreats 0.3%
Key regional indexes declined across the board. Hong Kong’s Hang Seng Index was down 1.3 per cent and Japan’s Nikkei 225 retreated 1.4 per cent. South Korea’s Kospi Composite Index lost 0.6 per cent.
SingPost could see special dividend from sale of Australian business, sale of property
SingPost may distribute special dividend, with stock fairly valued as it is unlikely to be lifted by property revaluation, unless SingPost Centre is divested.
Bybit Promises up to $140,000,000 Bounty To Hunt Down Perpetrators of ‘Largest Heist’ in Crypto History
The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the funds that were stolen in a major hack.
SingPost could see special dividend from sale of Australian business
SingPost may distribute special dividend, with stock fairly valued as it is unlikely to be lifted by property revaluation, unless SingPost Centre is divested ...
Gold Market Ructions Drive Singapore Exports to the US
Gold shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing disparities opened up in key ...
The Business Times’ post-Budget dialogue on business resilience to be held on Mar 18
THE Business Times is organising a post-Budget dialogue to delve into the latest business-related measures announced by Prime Minister Lawrence Wong, who is also finance minister, and discuss how ...
Robinhood rides Trump wave to expand crypto business – report
Robinhood Market (NASDAQ:HOOD) is leveraging a crypto-friendly Trump administration to expand its crypto offerings into areas like tokenization and other opportunities beyond traditional brokerage -- ...