SINGAPORE (Aug 23): The Edge Singapore scooped up two awards at the SGX Orb Awards on Wednesday (Aug 21), after receiving five nominations across six categories. 

Ben Paul, our editor-at-large, won the Story of the Year — Securities award for a piece titled “Buffett’s methods ought to be as much of an inspiration to corporate boards as to investors” (Issue 881, May 13). Paul had compared the manner in which billionaire investor Warren Buffett reports the performance of Berkshire Hathaway to his fellow shareholders with the way the boards and top management of Singapore-listed companies engage the market. “In my view, investors are not drawn to Berkshire only because of Buffett’s enormously successful investment approach,” Paul wrote. “Many of them simply like being treated as real owners of the businesses under the group.”

The Edge Singapore wins big at SGX awards

Prudential’s Barry Stowe, who retired in Dec 2018, was the highest paid CEO among Singapore listed companies in 2018.

Besides being listed in London, Prudential has a secondary listing on the Singapore Exchange since May 2010.

Who are the 40 highest-paid CEOs among Singapore's listed companies?

Genting Singapore independent director Koh Seow Chuan has been a board member since 2008. However, judging from his past behaviour, the retired renowned architect prefers not to hold shares in the company. According to a May 13 filing with the stock exchange, Koh sold all his 125,000 shares on May 10. The shares were awarded to him less than three months ago, as part of the company’s performance share scheme for its board of directors and employees.

Genting Singapore independent director Koh sells all his shares — as is his usual practice

Following an acquisition spree between 2012 and 2016, luggage maker Samsonite International has cemented its position as the market leader in the industry. With multiple brands and product ranges, the company’s focus now is to build on each of these acquisitions and grow a larger customer base.

Samsonite International digests acquisitions; upbeat on Asia’s growing travel market despite 1Q hiccup

The row over the palm oil industry and the detrimental effects it has on the environment has intensified in recent weeks, fired up by the European Union’s plan to curb the use of palm oil in biofuels. Significantly, biofuels only emerged in the last decade or so as another use for palm oil as the world looked for renewable sources of energy.

Pay up, or they give up

While the proposal by Teresa Kok, Malaysia’s minister of primary industries, to cap oil palm plantations in Malaysia at 6.5 million hectares by 2023 grabbed headlines in March, some environmentalists were uncomfortable with the target.

Greater transparency required to curb deforestation in Malaysia

After the longest Parliament sitting in Singa­pore to debate legislation, the city state passed a law that gives portfolio ministers — part of the group of political office holders in Singapore — the power to decide what amounts to news that is false and against the public interest, and order that it be either corrected or taken down.

What went on behind the passing of Singapore's new fake news law

If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for instance, sales.

This startup plans to permanently integrate its offerings with Grab

With local brokerage firms already under siege from slumping commissions and waning investor interest, the ongoing trial of  John Soh Chee Wen and Quah Su-Ling in relation to the 2013 penny stock crash is unlikely to improve industry morale.

How responsible should brokerages be held for the 2013 penny stock crash?

In a TV interview on April 11, UBS economist Kelvin Tay blamed “political paralysis” in Malaysia for landing the country in an economic bind that includes a “current account deficit” of higher than 3.4%.

Pakatan Harapan's hope for Malaysia

SINGAPORE (April 18): When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together.

But one year on, no joint venture projects have been announced, as ...

Things looking up for CSE Global despite lack of JV projects with Serba Dinamik

Two mid-day announcements on April 4 by Hyflux and its rescuer SM Investments left both investors and market watchers confused. First, Hyflux cancelled the meetings to vote on a scheme of arrangement scheduled for April 5 and 8, because it claimed SMI had repudiated the restructuring agreement.

Hyflux rescue bid by SMI falls through amid conflicting statements

Tackling falsehoods has become a high priority for the Ministry of Law.

How Singapore's laws are evolving in the war against fake news

Over the last 20 years, Ivan Chee Yew Fei has been involved in various industries as founder and CEO of Webcon, a privately held diversified company in Malaysia. He led the company to expand into engineering and construction, property development, mining, trading of heavy machinery and investment holding. Now, as iron ore prices remain firm, Chee intends to grow the mining business under newly incorporated Fortress Minerals — by listing the latter on the Catalist board of the Singapore Exchange.

Iron miner Fortress Minerals lists; digs in to meet further demand from China

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

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