On Oct 15, Deputy Public Prosecutor Cheah Wenjie urged the court to sentence Lee to up to five years and six months’ jail, stressing that the offender had made no restitution. DPP Cheah also told ...
OCBC Kicks Off Five-Year Regional Partnership With Disney
OCBC has partnered up with Disney in a strategic five-year collaboration across three of its five core markets in Southeast Asia.
Hyundai IPO: How are investors responding to India’s biggest-ever issue?
Hyundai Motor India's ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer's 10% got subscribed- the retail portion was ...
Prosecution calls for up to 66 months’ jail for man linked to loan ruse; 2 banks duped of over $1.2m
SINGAPORE - By using false statements, a man worked with a female accomplice to dupe two banks into disbursing loans totalling $1,218,000 starting in 2014. According to court documents, Standard ...
OCBC, Disney to begin five-year collaboration in Singapore, Malaysia, Indonesia
OCBC and Disney have announced a five-year strategic collaboration across three of the Singapore bank’s five core markets – Singapore, Malaysia and Indonesia. Read more at The Business Times.
Singapore seeks to jail former oil tycoon OK Lim for 20 years for cheating HSBC
SINGAPORE: Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the ...
Singapore stocks rose on Tuesday—STI climbed 0.6%
SINGAPORE: Singapore stocks rose on Tuesday, Oct 15, following gains in overseas markets the night before. The Straits Times Index (STI) climbed 0.6%, gaining 22.58 points to reach 3,618.49 by 9:01 am ...
AGC seeks 20 years for OK Lim’s jail term, defence asks for 7 years
LIM Oon Kuin, founder of liquidated oil trader Hin Leong Trading, could be staring at a jail term of 20 years for his three cheating and forgery charges, if prosecution succeeds in persuading the ...
Prosecutors seek 20 years’ jail for Hin Leong oil tycoon OK Lim, 82
Lim Oon Kuin, once lauded as a successful businessman in Singapore's oil trading industry, was plunged into legal troubles after the sudden collapse of Hin Leong Trading in 2020 amid fraud allegations ...
Singapore SMEs extend expansionary momentum in Q3, buoyed by broad-based growth: OCBC
SINGAPORE’S small and medium-sized enterprises (SMEs) extended their growth momentum for a second consecutive quarter in Q3, according to the latest OCBC SME Index released on Tuesday (Oct 15). Read ...
Singapore to invest $107m for Active Ageing Centre infrastructure upgrades
The funding will support over 100 existing AACs. Singapore’s Ministry of Health will invest $107m (S$140m) from FY2025 to FY2027 to enhance and expand Active Ageing Centres (AACs) across the country, ...
Singapore still attractive investment location, drew $5.4 billion in first-half commitments: Gan Kim Yong
The minister was responding to a question about MNCs relocating, downsizing, or retrenching workers in Singapore. Read more at straitstimes.com.
GIC, BlackRock snap up Hyundai India shares in record $4.3 billion IPO
Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of US$77.3 million, while American financial major Fidelity bought shares worth ...
Singapore Paincare to invest $1.5 mil in digital transformation to scale healthcare operations
The transformation is set to include the implementation of artificial intelligence (AI), Internet of Medical Things (IoMT), and big data analytics in its clinics nationwide.
IPO-bound Hyundai Motor India raises Rs 8,315 cr from anchor investors
Hyundai Motor India (HMIL) on Monday raised Rs 8,315 crore from anchor investors, setting the stage for the country’s biggest-ever maiden share sale. The Indian arm of the South Korean car maker ...
Hyundai IPO opens tomorrow: Hyundai Motor India raises Rs 8,315 cr from 225 anchor investor
The auto major will be selling off its 17.5% stake through the IPO of Hyundai Motor India Limited (HMIL), which will open on Tuesday.