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
Generic image of SIA Engineering Company, for stories about aviation and SIA

SIA Engineering Q2 net profit up 13.5% at S$40.4 million

Its rise in revenue outpaces that of its rise in expenditure; contributions from associated and joint-venture companies also increase

Wee Hur is engaged in purpose-built student accommodation business.

Wee Hur selling Adelaide student accommodation property for S$14.2 million

The buyer is Grenfell Trust, an indirect 90.48% owned sub-trust of Wee Hur PBSA Fund III A

As of September, the Singapore Registry of Ships had 4,230 vessels with nearly 127.8 million gross tonnage in total – the highest since 2013.

Singapore registry adds 94 ships in September, bucks declining trend since 2016, as US and China tussle over port fees

Shipowners reflagging their fleet to the Republic in an attempt to navigate geopolitical tensions

Jeanne Soh, managing director for structured finance in the Asia-Pacific at SMBC, has completed her testimony.
HYFLUX TRIAL

Banks initially not told of Tuaspring power plant to prevent information leak, court told

It was kept from lenders to protect company’s strategy from rivals, Olivia Lum’s counsel says

Jeanne Soh said that the banks were not initially informed that the Tuaspring project comprised not only the desalination plant (above) but a power plant as well.
HYFLUX TRIAL

Banks not told of power plant when they gave in-principle loan commitment to Hyflux’s Tuaspring project: witness

Consortium sends 18 questions to company upon finding out about the higher-risk power plant

China-based Yangzijiang Shipbuilding closed 3.9 per cent or S$0.13 higher at S$3.47, making it the top STI performer.

Singapore shares rise ahead of US-China meeting; STI up 0.1%

Across the broader market, gainers beat decliners 369 to 166, as 1.6 billion securities worth S$1.4 billion change hands

Hao Mart commenced operations at the 160 Orchard Road premises in February 2024, relaunching it as Taste Orchard

Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease

Defendants say they represent landlord OG, and owe no obligation to the claimant to act in its best interests

The offer information statement is the subject of scrutiny in the hearing of Hyflux’s former chief executive officer Olivia Lum (above), former chief financial officer Cho Wee Peng and four board members.

Hyflux ex-company secretary testifies 2 lawyers involved in preference shares document

Officers from banks that had earlier considered providing project financing for the Tuaspring project have been lined up to take the stand...

The Straits Times Index is up 12.87 points, at 4,393.92.

Singapore counters close higher; STI rises 0.3%

Across the broader market, advancers beat decliners 311 to 262 after 1.4 billion securities worth S$1.6 billion change hands

The acquisition bid to privatise Mandarin Oriental will see its delisting, if successful, from Singapore Exchange.
HOCK LOCK SIEW

Mandarin Oriental acquisition bid shows it’s better to invest in Jardine Matheson

Analysts say proposed buyout undervalues Mandarin Oriental International significantly

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