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Company in the news

Facebook US$5 bil privacy settlement approved by FTC

(July 13): US officials approved a record US$5 billion ($6.8 billion) privacy settlement with Facebook Inc.

Update

SingPost to hire more postmen, redeploy drivers and increase PO staff after being fined $100,000 for not meeting quality standards

SINGAPORE (Feb 8): Singapore Post (SingPost) says it will be hiring a hundred more postmen and redeploying 35 mail-drop drivers to become full-time postmen as well as increase the number of dedicat

1MDB Watch

Malaysia fines Deloitte for failing to report 1MDB oddities

(Jan 30): Malaysia imposed the maximum fine on Deloitte PLT for breaches related to a bond issuance by 1MDB, becoming the first auditor of the scandal-ridden state fund to face penalties.

Keong Hong foresees ongoing projects to be unaffected by MOM foreign worker hiring freeze

SINGAPORE (June 5): Keong Hong Holdings says it has taken “immediate corrective actions” to prevent further infringements of Ministry of Manpower (MOM) regulations regarding workers’ accommodation.

Trustee-manager of NetLink NBN Trust slapped with $10,000 fine for Dec 13 fibre service disruption

SINGAPORE (Oct 24): NetLink NBN Management, the trustee-manager of NetLink NBN Trust, says it has been slapped with a fine of $10,000 by the Info-communications Media Development Authority (IMDA) f

Deutsche Bank to settle US mortgage probe for US$7.2 bil

(Dec 23): Deutsche Bank AG said it reached a US$7.2 billion ($10.4 billion) agreement to resolve a years-long US investigation into its dealings in mortgage-backed securities, removing a legal hurd

US fines RBS US$1.1 bil over pre-crisis mortgages

LONDON (Sept 28): Royal Bank of Scotland on Wednesday said it had agreed a fine of US$1.1 billion ($1.5 billion) with US authorities over the alleged mis-selling of mortgage securities ahead of the

ST Engineering

Former ST Engineering employee sentenced to 20 weeks jail, $100,000 fine

SINGAPORE (Sept 27): ST Engineering said on Tuesday that the former senior vice-president of ST Marine’s Tuas Yard, Mok Kim Whang, had been sentenced to 20 weeks’ imprisonment and a total fine of $

Noble’s warehousing unit fined by LME over lead reporting errors

(Sept 9): The London Metal Exchange, the world’s biggest metals marketplace, settled a disciplinary action against Noble Group’s warehousing division after mistakes by the unit led to incorrect rep

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