Regulatory issues a key hurdle for Singapore firms eyeing international expansion, finds survey

SINGAPORE (Jan 15): Despite being “global natives” – companies which expand into international markets rapidly, often within the first year of their existence – Singapore’s online businesses appear the most pessimistic about their prospects overseas.

This is according to new research conducted by tech and e-payments solutions firm Stripe, which partnered VIGA research to survey over 9,000 founders and executives of online businesses across 15 international markets and more than 10 industries.

Dual-class shares more of a bane than boon to Singapore markets, finds survey

SINGAPORE (Dec 5): The introduction of dual-class shares (DCS) has damaged Singapore's regulatory creditability and contradicts investor stewardship, suggests findings from a report by the Asian Corporate Governance Association (ACGA) and CLSA Limited. 

According to the ninth edition of CG Watch, a regional report jointly conducted by ACGA and CLSA on corporate governance (CG) in Asia-Pacific published every two years, Singapore is found to be a “contradictory city” for its mixed survey findings.

SGX RegCo proposes new delisting rules to protect minority interests

SINGAPORE (Nov 9): The Singapore Exchange Regulation (SGX RegCo) is proposing several changes to its delisting rules for Singapore companies, and expects to implement the new delisting rules next year.

A public consultation is now open to market feedback, and will close on Dec 7.

SGX RegCo’s move comes in the wake of many upset minority shareholders who had felt oppressed by the controversial delisting of several locally-listed companies so far this year.

Hyflux granted deadline extensions for filing of 2Q and 3Q results

SINGAPORE (Jul 9): Hyflux has been granted a six-month and three-month extension of deadlines to file its 2Q18 and 3Q18 unaudited financial statements, originally due Aug 14 and Nov 14 this year, respectively.

The troubled water treatment firm had written to the Singapore Exchange to request for the extensions on June 28, which were approved last Friday.

Questioning Singapore's corporate governance standards

SINGAPORE (June 29): Poor corporate governance recently became an issue at a number of locally listed companies, both large and small.

Rig builder Keppel Corp was found to have paid bribes to secure contracts in Brazil.

Airbnb up against regulatory hurdles as sharing economy sees challenges

SINGAPORE (Apr 16): On April 3, two former property agents were fined $60,000 each for short-term rentals they had posted on Airbnb. The two men had collected $19,000 from four listings at the d’Leedon condominium over five weeks last year. The action was taken after residents at d’Leedon lodged complaints. Local regulations prohibit rental agreements of less than three months for private properties and less than six months for HDB flats. The fines are likely to send a strong signal to the 1.4 million registered users of Airbnb.

Trump to boost exports of lethal drones to more US allies

WASHINGTON (Mar 20): President Donald Trump will soon make it easier to export some types of lethal US-made drones to potentially dozens more allies and partners, according to people familiar with the plan.

A list of potential buyers being given fast-track treatment is expected to expand to include more NATO members, Saudi Arabia and other Gulf partners as well as treaty allies such as Japan and South Korea, the people familiar with the plan said.

3 reasons why US firms are taking longer to go public

SINGAPORE (Jan 9): It was an encouraging 2017 for the S&P 500, booking a full year of monthly total gains for the first time ever. But the elephant in the room still remains about the shrinking pool US companies going public.

According to data from Dealogic in a Dec 2017 report, the past year had been a record one for US-listed IPO volume and activity since 2014 – with issuance on the US exchanges totaling US$47.8 billion ($63.6 billion) via 179 IPOs.

Top 10 hiring trends in Singapore for 2018, according to Hays

SINGAPORE (Dec 6): Hays Singapore has published a list of what it foresees to be the top 10 talent trends of 2018, in light of a fast-changing workforce environment and continued economic growth.

In a press release on Tuesday, the recruitment firm says organisations can plan to extract greater value from both people and technology in the year ahead to take advantage of positive conditions in the following ways. 

MAS releases guide to digital token offerings; announces new payments framework

SINGAPORE (Nov 14): The Monetary Authority of Singapore (MAS) has released a guide to digital token offerings or initial coin offerings, where capital is raised via the use of cryptocurrency such as Bitcoin.

In its new guide, which is available for download on its website, MAS has defined "digital tokens that constitute capital market products" as digital tokens representing equity in a corporation, a debenture of the issuer, or a unit in a collective investment scheme (CIS).

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