Analysts say City Developments Limited (CDL) remains stable despite a legal battle between chairman billionaire Kwek Leng Beng and his son, CEO Sherman Kwek, though corporate governance concerns ...
Singapore stocks gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance. Read more at straitstimes.com.
Maybank teams up with SME association to help firms expand in Johor-Singapore economic zone
Maybank saw a 250 per cent jump in SMEs’ inquiries and referrals about doing business in Johor. Read more at straitstimes.com.
Yangzijiang Financial mulls spin-off to strengthen Singapore presence
The profitability of Yangzijiang Financial's maritime segment may be even greater if it is a standalone entity, says executive chairman Ren Yuanlin ...
New directors at center of Singapore’s 4th richest billionaire Kwek Leng Beng’s dispute with son agree not to exercise power
Singapore-based property giant City Developments Limited’s two new directors, who are involved in the conflict between billionaire Kwek Leng Beng and his son, have agreed not to take further actions ...
Daily Cuts – SingPost to seek shareholder approval for sale of Australia business
Singapore Post will move forward with the sale of its Australia business by holding an extraordinary general meeting on March 13 to seek shareholders' approval for the divestment. Andrea Heng and ...
Iron ore falters on higher imports, Chinese steel export concerns
Iron ore futures prices dropped more than 1% on Thursday, pressured by escalating tariff measures against Chinese steel and an increase in iron ore imports into top consumer China. The most-traded May ...
CDL through the years: From humble roots to family rift at Singapore’s property giant
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.
Father-Son feud plunges richest Singapore clan into crisis
SINGAPORE: An alleged boardroom coup attempt, a lawsuit between a family patriarch and his son, and accusations of corporate governance lapses - even by the standards of Asian succession drama, the ...
The last provision shop in an empty neighbourhood: After 90 years, a family business closes its doors
As residents moved out of MacPherson Lane's HDB blocks, one store continued to operate. But Chin Teck Chiang Seah Kee has now shuttered for good, leaving behind a rich legacy.
Singapore’s Department Store Metro to Support Stablecoin Payments
Metro now accepts stablecoins like USDT and USDC for payments in Singapore, expanding digital transaction options for shoppers.
Singapore’s Metro Department Store to Accept USDT, USDC, and Other Stablecoins for Payments
Metro, one of Singapore’s leading retail chains, has announced its readiness to let customers make payments using stablecoins.
Singapore department store Metro debuts stablecoin payments: Report
Metro, a publicly-listed department store chain in Singapore, has reportedly enabled its customers to pay for products using stablecoins like Tether’s USDt. Metro has partnered with Singapore-licensed ...
Father-son feud and an alleged ‘attempted coup’ rock one of Singapore’s largest property developers
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.