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Corporate News 19 Aug 2019 | 7:00 AM

Private funding needed for Asia infrastructure

SINGAPORE: Governments in Asia are seeking to tap private investment for the region’s substantial infrastructure needs as the current rate of public financing is “insufficient and unsustainable, ” said Indranee Rajah, Singapore’s second minister for finance and education.

SMEBiz 15 Jul 2019 | 12:00 AM

Bend and not break

THERE is always life after the arena, as Sarina Sundara Rajah, 37, has found. The former national rhythmic gymnast was down and out after suffering from a knee injury at her peak. Fortunately for her, she found coaching a good path to fall back on.

Business 05 Feb 2019 | 12:00 AM

Wirecard: Probe found no evidence of criminal misconduct

FRANKFURT: Wirecard said that a law firm it appointed has made no conclusive findings of criminal misconduct by any employee of the German payments firm and that there are indications the allegations stemmed from a quarrel between employees.

Commodities 14 Dec 2018 | 11:13 PM

Scale of theft at Shell's Singapore refinery much higher

SINGAPORE: Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.

Business 23 Oct 2018 | 12:00 AM

Singapore to play investment broker in Asia infrastructure push

SINGAPORE: Singapore plans to spur investment in much-needed infrastructure in South-East Asia by helping to structure projects to make them more “bankable”, a senior official said.

Business 10 Sep 2018 | 5:49 AM

Singapore orders return of first batch of pilfered 1MDB money

SINGAPORE: Singapore ordered millions of dollars misappropriated from the beleaguered 1MDB to be returned to Malaysia, the first time the city-state has repatriated assets to its neighbor following a globe-spanning probe.

Corporate News 09 Apr 2018 | 12:00 AM

Grab’s Uber deal still has some obstacles to navigate

SINGAPORE: Regulatory scrutiny could complicate ride-hailing company Grab’s takeover of Uber Technologies’ South-East Asian business, but there is little the authorities can do to stop Uber from simply exiting the region, lawyers and analysts said.

Corporate News 05 Apr 2018 | 6:00 AM

Four marine refuelling barges seized in Singapore over unpaid debt to Maybank

SINGAPORE: Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapore’s Supreme Court.

Corporate News 13 Feb 2018 | 12:00 AM

Singapore may unveil e-commerce tax in budget

SINGAPORE: Singapore may unveil an e-commerce tax in next week’s budget, setting the tone for a region that’s grappling with online retail’s assault on brick-and-mortar vendors.