The Business Times
Tay Peck Gek

Tay Peck Gek

SENIOR CORRESPONDENT

Former fixture at the supreme court house where this reporter had the privilege to see how the razor-sharp minds exercise their wisdom in upholding justice. From following the smart minds to following the smart money now, this newshound hopes to report quality transportation, logistics and legal news.

emailpeckgek@sph.com.sg
email@PeckGekBT
Smoke rises from the direction of a US naval base in Bahrain. MTQ's facilities in Bahrain and UAE have resumed operations.

MTQ resumes Middle East operations; Vallianz not ‘significantly’ affected

This comes after the US and Israel launched their biggest attacks on Iran in decades on Feb 28

Mapletree Investments, a Singapore-based property developer and manager, has selected advisers for a potential initial public offering (IPO) of a student housing real estate investment trust (Reit) that could raise about US$1 billion, according to people familiar with the matter.

Mapletree Investments sells US logistics portfolio to EQT for US$575 million

[SINGAPORE] Mapletree Investments announced on Thursday (Mar 5) the sale of a 4.4 million-square-foot portfolio of 25 warehouses in the United States...

SIA Engineering, the engineering arm of national carrier Singapore Airlines, will join the STI reserve list on Mar 23.

CapitaLand Ascott Trust to be replaced by SIA Engineering on STI reserve list

There are no changes to the blue-chip barometer’s 30 constituents

The former OG Orchard Point building reopened as Taste Orchard in February 2024, with anchor tenant and supermarket chain Hao Mart occupying three levels.

Beauty salon sues Hao Mart over alleged breach of Taste Orchard sublease; Hao Mart denies liability for purported losses

Beauty salon operator Belovie is the first sub-tenant to sue Hao Mart in the High Court

The Category A premium is up 1.6% or S$1,719 at S$108,220.

Premiums for all COE categories rise; big cars lead with S$9,000 jump, beating mainstream cars

Category B is up 8.6% at S$114,002

Maersk's crossings in the Red Sea have been suspended in view of the fighting in the Middle East.

Shipping cycles are being cut into amplified micro cycles: Maersk’s Asia head for ocean

Demand has become ‘extremely’ volatile in these recent years, he adds

At a press briefing, Indonesia’s Attorney-General’s Office put on show trillions of rupiah in seized assets from the corruption case involving Wilmar Group and export permits for crude palm oil products.

Wilmar’s Indonesian executive gets 6-year jail term, fine over bribing judges

However, Muhammad Syafei is not found guilty of money laundering

Watches seized

Assets seized in connection with Chen Zhi’s transnational scam syndicate total over S$500 million, says Singapore police

Three Singaporeans have been arrested so far for their suspected involvement in money laundering offences

Smoke rises from Jebel Ali port after an Iranian missile attack in Dubai, March

Singapore, Tg Pelepas, Port Klang could face congestion from Middle East-bound boxships

Bottlenecks will worsen if Strait of Hormuz closure persists, with Colombo likely to be the worst hit

UMS Integration says it will fund the deal through internal resources and/or bank borrowings.

UMS buys out aluminium alloy products supplier

The deal is not expected to have a material impact on its FY2026 net tangible assets or earnings per share

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