A total of 311 men and 133 women are being investigated for suspected involvement in over 1,400 cases of scams as scammers or money mules, the police said on Friday (Dec 30).
Singapore sentences stock market manipulator to 36 years in jail
Singapore’s High Court has sentenced the masterminds behind the country’s largest stock market manipulation to decades in jail, according to a joint statement on Wednesday from the Attorney-General’s ...
Analysts see mixed picture for stock markets in 2023, with things looking up in second half
SINGAPORE - Recession and its impact on corporate earnings will likely occupy the minds of investors through much of 2023, just as inflation, interest rates and the war in Ukraine took centre stage ...
Singapore-based edtech IMMRSIV files for $17M US IPO
Singapore-based edtech IMMRSIV (IMSV) has filed for a proposed $17M US initial public offering. Read more here.
Malaysian Businessman Gets 36 Years In Singapore Jail For RM26 Billion Penny Stock Crash
John Soh Chee Wen, a 63-year-old prominent Malaysian businessman, is the mastermind of a scheme that led to the largest market manipulation in Singapore.
DBS makes key leadership changes for institutional banking business
Joyce Tee, now group head of SME banking, to head the institutional banking group for DBS China. Read more at straitstimes.com.
Singapore Shares May Run Out Of Steam On Thursday
The Singapore stock market has ticked higher in consecutive trading days, collecting almost 10 points or 0.3 percent along the way.
Singapore’s 2023 Budget statement to be delivered in Parliament on Feb 14
SINGAPORE: Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2023 Budget statement in Parliament on Feb 14, 2023, the Ministry of Finance (MOF) said on Thursday ...
Mercatus confirms sale of Singapore malls to Link Reit for S$2.16 billion
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).
UOB Kay Hian’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.
Mercatus confirms sale of Singapore malls to Link Reit for S$2.16b
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.
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 ...