Asia’s biggest Reit, will buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative for S$2.16 billion, NTUC unit Mercatus Co-operative confirmed on Wednesday (Dec 28).
Penny stock crash mastermind John Soh gets 36 years’ jail, Quah Su-Ling sentenced to 20 years
Singapore’s most audacious market manipulation case wiped out nearly $8 billion in market value in 2013. Read more at straitstimes.com.
UOBKH’s ban from IPO, RTO sponsor activities significant but unsurprising: market watchers
UOB Kay Hian’s (UOBKH) ban from new issue and sponsor activities is a significant one, but comes as no surprise to market watchers polled by The Business Times. Read more at The Business Times.
Latest Singapore Savings Bond gets lukewarm interest
SINGAPORE Savings Bonds (SSBs) allotted on Wednesday (Dec 28) were marginally oversubscribed, with investors applying for up to S$172,500 being fully allotted in an issuance that offers less ...
Malaysian Behind Singapore Penny-stocks Scam Jailed For 36 Years
A Malaysian businessman convicted of masterminding a stock scam that wiped US$5.8 billion off Singapore's exchange was sentenced on Wednesday to 36 years in jail by a court in the city-state.
Sixteen Singapore mosques participate in pilot investment programme
Sixteen mosques in the western part of Singapore have signed up to participate in a pilot programme to invest their reserves in order for them to be financially resilient ...
The ride ahead for finance and accounting in 2023 amidst a conservative outlook
Finance & Accounting (F&A) professionals are once again caught in the eye of the storm. Being the designated financial guardians, they play a critical role in helping their organisations navigate ...
Maid stole employer’s ATM card while cleaning, gave it to her friend who withdrew more than S$14,000
SINGAPORE: A maid stole her elderly employer's ATM card while cleaning, sent the card via courier to a friend and instigated her friend to withdraw S$14,350 from the victim's savings account. Huriah, ...
UOB Kay Hian prevented by SGX RegCo from acting as issue manager or full sponsor for IPOs and RTOs for time being
The ban does not include any existing IPO and RTO submissions which UOB Kay Hian agreed to act as issue manager or full sponsor before Aug 31. There was no stop date specified by the SGX RegCo. In ...
36 years’ jail for mastermind of scheme that led to S$8 billion penny stock crash in 2013
SINGAPORE: The mastermind of a scheme that led to the largest and most serious case of market manipulation in Singapore, which wiped out S$8 billion from the Singapore stock ma ...
S-Reit IPOs running scared in rising interest rate environment
THE end of 2022 marks more than a dozen years of drought in new real estate investment trust (Reit) listings on the Singapore Exchange (SGX). Read more at The Business Times.
Former world No. 1 Ko Jin-young to defend title at HSBC Women’s World Championship
It was a big achievement for me to win the HSBC Women’s World Championship last year as it had been a goal of mine with so many great players having won it over the years. I am excited to return to ...
Cash-for-residency scheme: time for Hong Kong to catch Singapore in family office programme, consultants say
Since Hong Kong suspended its investment migration scheme in 2015, Singapore has burnished its role as the Asian hub for family offices. It’s time for the Chinese city to make up for lost ground, says ...
Singaporean nabbed for forgery after two years on the run
NELSON Loh, co-founder of Novena Global Healthcare Group (NGHG), and his employee Michael Wong have been arrested and charged, the police said.
S-Reit IPOs run scared in rising interest rate environment
THE year 2022 marks the first year in 12 that there will be no new real estate investment trust (Reit) listings on the Singapore Exchange (SGX). Read more at The Business Times.
OCBC said to hire ex-Goldman’s Jason Moo as CEO for Bank of Singapore
Moo, a Singaporean, will start at Bank of Singapore next year, said the person, who declined to be identified discussing confidential details. The executive left Julius Baer Group Ltd. in mid-December ...