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Investigators into the 2013 penny stock collapse have found enough evidence to show that Malaysian businessman Soh Chee Wen was the mastermind behind the companies at the heart of the market crash, the Public Prosecutor said on Wednesday at a hearing on Mr Soh's bail conditions.

Evidence points to Soh Chee Wen as mastermind of 2013 penny stock collapse: Public Prosecutor

Investigators into the 2013 penny stock collapse have found enough evidence to show that Malaysian businessman Soh Chee Wen was the mastermind behind the companies at the heart of the market crash, the Public Prosecutor said on Wednesday at a hearing on Mr Soh's bail conditions.


Iceberg Research to write 4th report on Noble Group

Iceberg Research, the little-known group that raised questions on Noble Group's accounting practices a year ago, is preparing a fourth report on the commodity trader.

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Qualifying criteria for elected presidency should be reviewed: PM Lee

The qualifying criteria for a person to be a candidate for the elected presidency should be reviewed, said Prime Minister Lee Hsien Loong in parliament on Wednesday.


Changi Airport handles record 55.4m passengers in 2015, thanks to uptick in H2

Changi Airport saw a record 55.4 million passengers in 2015, up 2.5 per cent year on year, thanks to a rebound in the second half of the year.


Visa Singapore launches online checkout service

Visa Singapore on Wednesday launched a one-stop payment service that it hopes will address the high percentage of online transactions that are cancelled due to hassles at the point of payment.


Stocks and bonds too correlated to provide distinctive sources of return: survey

Bonds and stocks are two asset classes which tend to move in opposite directions, making them solid hedges against each other. But not anymore.


Corporate Earnings


The STI Today

Singapore shares close flat, STI drops 38 points from intraday peak

Wall Street's Tuesday rise helped calm some nerves and prompted a bout of short covering that pushed the Straits Times Index (STI) higher for most of Wednesday. A weak opening for Europe, however, cut the index's gain to just 0.57 point at 2,546.18. Its intraday peak was 2,584.

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