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Business 25 May 2021 | 7:00 AM

S’pore freezes OK Lim’s US$3.5bil family assets

SINGAPORE: Singapore’s High Court approved a request to freeze as much as US$3.5bil (RM14.49bil) of assets worldwide belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte) Ltd in a move that may be one of the biggest such injunctions in the city-state’s history.

Business 21 May 2021 | 7:00 AM

Ford wires its electric trucks for business customers

DETROIT: Ford Motor Co’s newly revealed electric version of its best-selling F-150 pickup doubles down on a bet that the company can beat Tesla Inc and other rivals by giving new technology a familiar face and convincing long-time fleet and business customers that going electric saves money.