SINGAPORE: A group of minority shareholders of Magnus Energy shot down all the resolutions put forward at the recent annual general meeting on Oct 30. They ousted three of the directors and blocked the reappointment of the external auditor, as well as the mandate to issue shares to raise funds or pay director's fees.

Now, this group of Magnus Energy’s minority shareholders — including its former managing director Charles Madhavan — are keen to press on.

Penny stock-linked Magnus Energy's past transactions under spotlight as dissenting minorities call for EGM

SINGAPORE (Nov 12): Financial technology firms in Singapore continue to grab the lion’s share of funding in Asean, according to a report by United Overseas Bank (UOB), PwC and the Singapore FinTech Association (SFA).

According to the report, “FinTech in Asean: From Start-up to Scale-up”, fintech companies here received 51% of funding for the region.

Singapore fintech firms grab more than half of funding in Asean — report

SINGAPORE (Nov 5): StarHub saw its earnings rise slightly to S$58.0 million for the 3QFY19 ended September, from S$57.0 million a year ago.

However, the group reported a 1.6% dip in revenue to S$572.6 million during the quarter, from S$582.2 million a year ago.

StarHub reports 1.7% rise in 3Q earnings to S$58 mil despite revenue dip

SINGAPORE (Nov 5): Singapore Airlines saw earnings of S$94.5 million for 2QFY20 ended Sept 30, 2019, 70% higher compared to a year ago.

SIA says this was mainly mainly due to higher contributions from associates and joint ventures of S$78 million, only to be offset by higher finance charges of S$28 million.

SIA 2Q revenue and earnings up despite mixed performances across group

The prosecution in the trial of alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling has made applications to cross examine former Phillip Securities remisier Joe Tiong Sing Fatt as a “hostile witness”.

A hostile witness is one who deviates from prior statements made to law enforcement officers and gives evidence favouring the accused persons

Prosecution seeks to impeach 'hostile witness'

When Singapore Airlines announced an expanded code-sharing agreement with Malaysia Airlines Bhd on Oct 30, some members of SIA’s KrisFlyer and PPS Club loyalty programmes must have been unhappy.

SIA purists may lament new partnership, Malaysians rooting for Malaysia Airlines to turn around

SINGAPORE (Oct 30): Joe Tiong Sing Fatt, a witness in the trial of alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling, in court on Wednesday was caught making a series of contradictory statements.

The former Phillip Securities remisier had told the Commercial Affairs Department (CAD) that he had only met Quah once before, at a corporate function.

Witness makes series of contradictory statements, blames 'undue stress'

SINGAPORE (Oct 29): Adeline Cheng Jo-Ee, the ex-girlfriend of alleged 2013 penny stock crash mastermind John Soh Chee Wen, would often take “extreme actions” against people she dislikes or felt betrayed her, prosecution witness Ivy Tan Ai Bee reveal in court on Tuesday.

“[Cheng] always threatened to give people legal letters,” Tan said under cross-examination by Philip Fong, managing director of Eversheds Harry Elias. Fong is the lawyer for Quah Su-Ling, Soh’s alleged co-conspirator and romantic partner.

John Soh’s ex-lover took 'extreme actions,' witness reveals

SINGAPORE (Oct 25): The defence counsels for John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, in court on Friday sought to suggest that prosecution witness Ivy Tan Ai Bee was more than just a “personal assistant” to Soh’s former romantic partner.

Tan is described as the PA to Adeline Cheng Jo-Ee, the ex-girlfriend of Soh and owner of Alethia Asset Management.

Alleged penny stock mastermind John Soh target of pregnancy plot, defence counsels suggest

SINGAPORE (Oct 21): Millennials prefer owning a car over public transportation or ride sharing, a recent survey found.

More surprisingly, more than 80% of Asian millennials surveyed have also shown interest in car ownership, despite traffic concerns common in most cities in this region.

These findings were revealed in the Millennials and Auto Trends Report released by consultancy firm Duff & Phelps on Friday (Oct 18).

Millennials value car ownership, survey reveals

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

China's first-quarter industrial profits rise at slower pace

Last December, the European Union set a global precedent by finalizing the Artificial Intelligence Act, one of the world’s most comprehensive sets of AI rules. Europe’s landmark legislation could signal a broader trend toward more responsive AI policies. But while regulation is necessary, it is i...

The Visible Hand: Governments must shape AI’s future

The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Kuala Kubu Baharu by-election sees four-cornered fight

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Apple intensifies talks with OpenAI for iPhone generative AI features

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

Benjamin Cher

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Benjamin Cher

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