Monetary Authority of Singapore

SBS Transit appoints Bob Tan as new chairman - THE EDGE SINGAPORE

New appointments

SBS Transit appoints Bob Tan as new chairman

SBS Transit has appointed Bob Tan Beng Hai as chairman of the board, replacing Lim Jit Poh, who steps down after 18 years at the helm. Lim will stay on as a senior advisor.

Singapore economic growth could surpass 6% in 2021, but disparate recovery expected across sectors : MAS - THE EDGE SINGAPORE

Singapore economy

Singapore economic growth could surpass 6% in 2021, but disparate recovery expected across sectors : MAS

Singapore’s economy may just stage a better-than-expected recovery this year, after posting its worst recession on record in 2020.

Ng Yu Zhi charged for nickel investment scam involving at least $1 billion - THE EDGE SINGAPORE

Ng Yu Zhi charged for nickel investment scam involving at least $1 billion

A 33-year-old Singaporean Ng Yu Zhi was charged in court earlier today for cheating.

OCBC appoints Andrew Khoo as independent director - THE EDGE SINGAPORE

New appointments

OCBC appoints Andrew Khoo as independent director

Oversea-Chinese Banking Corporation has appointed Andrew Khoo Cheng Hoe as a non-executive independent director, effective March 8.

UOB on recovery play: OCBC - THE EDGE SINGAPORE

Broker's Calls

UOB on recovery play: OCBC

The vaccine rollout and return to form for dividends will contribute to UOB’s recovery over the course of the year, says OCBC Investment Research. 

Former CEO of KTL Global charged for cheating own subsidiary and false trading - THE EDGE SINGAPORE

Company in the news

Former CEO of KTL Global charged for cheating own subsidiary and false trading

Wilson Tan Kheng Yeow, the former CEO of KTL Global, has been slapped with two charges of cheating the company’s own subsidiary of some $1.5 million.

Potential salvager of EHT to be announced 'imminently' - THE EDGE SINGAPORE

REITs

Potential salvager of EHT to be announced 'imminently'

DBS Trustee will comply with a directive by the Monetary Authority of Singapore to remove the current REIT manager of Eagle Hospitality Trust.

Former fund manager Sun charged for acts like to defraud bond fund investors - THE EDGE SINGAPORE

Former fund manager Sun charged for acts like to defraud bond fund investors

A former fund manager Sun Weiyeh, was charge in court on Oct 22 under the Securities and Futures Act (SFA) for acts that were likely to defraud investors. 

Fintech

Private member exchange HGX commences trading

Hg Exchange (HGX), a private exchange formed by an alliance of PhillipCapital, PrimePartners and Fundnel, has commenced trading private company shares.

AMTD Group fund invests $11.5 mil in five fintech start-ups - THE EDGE SINGAPORE

Fintech

AMTD Group fund invests $11.5 mil in five fintech start-ups

AMTD Group, via its AMTD ASEAN Solidarity Fund Group, has invested a total of $11.5 million in five fintech start-ups in Singapore.

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