STI up 0.75 per cent to 2,563.20

THE Straits Times Index (STI) inched up 0.75 per cent to 2,563.20 on Wednesday, but the number of decliners slightly outstripped the number of advancers in the broader market.

CDP fined S$32,000 for personal data breaches over dividend cheques sent to outdated addresses

THE Central Depository (CDP) has been fined S$32,000 for personal data breaches when it mailed some dividend cheques to outdated addresses, putting some 200 account holders at risk of having their personal data disclosed.

CORPORATE GOVERNANCE

Reits, business trusts post better showing

THREE CapitaLand units emerged at the top of the ranking of real estate investment trusts (Reits) and business trusts in the latest Singapore Governance and Transparency Index (SGTI) 2020.

CapitaLand Reits top corporate governance ranking

CAPITALAND Commercial Trust, CapitaLand Mall Trust and Ascott Residence Trust have emerged at the top of the latest Singapore Governance and Transparency Index (SGTI) ranking of real estate investment trusts (Reits) and trusts.

StarHub CEO to retire, global search for successor starts

LISTED telco StarHub has announced that its chief executive officer Peter Kaliaropoulos will retire on Oct 31. The company said it will immediately start a global search for its next head honcho.

CEO of StarHub retires, global search for his successor to begin

LISTED telco StarHub has announced that its chief executive officer Peter Kaliaropoulos will retire on Oct 31. Following his step-down,  the firm will start its global search for its next head honcho.

Hin Leong, Ocean Tankers judicial management applications adjourned

INSOLVENT oil trader Hin Leong Trading and its sister firm Ocean Tankers were supposed to have their judicial management applications heard on Monday. But a "pure inadvertence" to publish the applications caused the hearing to be adjourned - to the dismay of lawyers for several creditors.

HYFLUX SAGA

Potential Hyflux investor Johnny Widjaja says funds earmarked for deal; will address PnP holders

JOHNNY Widjaja, who is making an offer to rescue Hyflux, is no stranger to Singapore - having attended primary and secondary school here.

Where are the jobs?

THE coronavirus pandemic has not only cost jobs, it has also altered the labour landscape, accelerating demand for workers with digital skills across many sectors.

Rising percentage of listed firms fail to get 'clean' audit opinions

MORE Singapore-incorporated listed firms are receiving tainted audit opinions, a trend which the Accounting and Corporate Regulatory Authority (Acra) described as "unhealthy".

Inadequate knowledge and due care are root causes for material accounting non-compliances: Acra

THE Accounting and Corporate Regulatory Authority (Acra) has found that there is room for improvement in the quality of financial statements issued by companies incorporated in Singapore.

HOCK LOCK SIEW

Poor disclosure not only hurts shareholders, but can cost companies too

WHEN AGV Group disclosed in a regulatory filing on July 1 that it had been asked to provide assistance for an investigation into an offence and that a director had given a police statement, the Catalist-listed hot-dip galvanising services provider did not identify the director.

GE2020: GRC SHOWDOWNS

Heng's last-minute move to East Coast GRC pays off

IN a continuation of the fierce election from 2011, the East Coast GRC has witnessed a very keen fight between the ruling party People's Action Party (PAP) and the Workers' Party (WP).

GE2020: WP beats PAP in Sengkang GRC with 52.13% of votes

IN what a political commentator described as a massive blow to the ruling party People’s Action Party (PAP), the opposition party Workers’ Party (WP) scored a “massive coup” in the new Sengkang GRC.

GE2020: PAP defeats WP in East Coast with 53.41% of votes

IN a continuation of the fierce election from 2011, the East Coast GRC has witnessed a very keen fight between the ruling party People’s Action Party (PAP) and the Workers’ Party (WP).

Lower top line expected for Cortina, Hour Glass, but strong balance sheets will help

LUXURY watch retailers Cortina Holdings and The Hour Glass Group are likely to show a drop in revenues when they next report their financials. But their latest numbers suggest both are resilient, with strong balance sheets and light demands on their cash holdings.

Sats sinks into the red in Q4 with S$6.3m loss

THE novel coronavirus pandemic has hit the profitability of Sats, causing the ground handler and food solutions provider to sink into the red for the three months to end-March.

Sats sinks S$6.3m into the red in Q4

GROUND handler and caterer Sats sank into the red for the three months to March 31, the first quarter the company is reporting its financials since the novel coronavirus hit the world.

Sports Link buckles under overdue debts

RETAILER Sports Link Holdings has been ordered to be wound up upon an application by supplier Adidas Singapore over S$1 million in overdue trade payables. The retailer with total debts amounting to at least S$3.4 million did not oppose the move.

CAD, MAS launch probe into Senjo, Citadelle following Wirecard review

SINGAPORE's white-collar crime-buster and the Monetary Authority of Singapore (MAS) have launched a joint investigation into the Senjo Group of companies as well as Citadelle Corporate Services, following a review of developments relating to insolvent German payment processing company Wirecard...

Darco's audit panel calls for deputy chairman to recuse himself from project

DARCO Water Technologies' audit committee has recommended that its deputy chairman consider abstaining from deliberations and decisions on a controversial Indonesian waste-management project that he has reportedly been pushing for Darco to invest in.

GE2020: CAMPAIGN HIGHLIGHTS

Heng's shift to East Coast GRC seen as key political move

DEPUTY Prime Minister Heng Swee Keat's move to the East Coast GRC, and its significance for the future prime minister as well as Singapore politics remain a key talking point after four days of election campaigning.

Century Sunshine Group defaults on S$101.75m, 7 per cent notes

CENTURY Sunshine Group has defaulted on the S$101.75 million, 7 per cent fixed rate notes, said the Hong Kong listed company specialising in ecological fertiliser business in China.

Biolidics elaborates on scrapped deal with virus test kit distributor in the US

CATALIST-listed company Biolidics issued a statement on Friday to explain why its deal with Aytu Bioscience to distribute its novel conronavirus antibody test kits in the US has now been scrapped.