The Business Times
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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
Business succession does not always continue beyond the second generation. Some empires are soon handed over to non-relations, as younger heirs prefer careers of their own.
BRUNCH

Succession in Singapore: Is the era of family empires coming to an end?

More dynasty businesses may have to hand over the reins to outsiders – but that does not have to be cause for concern

The five powers war clause excludes any loss, damage, liability or expense arising from war involving any of these countries: the UK, the US, France, Russia and China.
BT EXPLAINS

Marine insurance and the five powers clause in times of war

The International Union of Marine Insurance has clarified that war risk insurance for vessels and cargo is, and will remain, available in the Middle East

Lars Kastrup, CEO of Pacific International Lines, says that adding vessels will improve the shipping line's economies of scale.

PIL earnings drop 21.7% to US$1 billion in 2025 amid lower freight rates

But its principal business of container shipping posts a 1.2% marginally higher revenue of US$3.8 billion

Jotaro Tamura took the helm at MOL on Apr 1.

MOL will watch bunker supply from June as Middle East supply disruptions continue

The surge in freight costs has not significantly dented shipping demand, says Mitsui OSK Lines’ new CEO

Over the week, STI was 1.6% lower.

STI dips 0.4% as investors are concerned about war and inflation

Benchmark Straits Times Index falls 21.25 points to finish at 4,922.86

Rolf Thore Roppestad (second from left), CEO of Gard, spoke of an increasing risk environment as crews are under pressure for being trapped in the Middle East at the Marine Insurance Asia conference.

Risk of a big war insurance claim is rising: marine insurers

There are reportedly about 20,000 crew members and 800 vessels still stuck in the war zone

The local banks all ended lower. DBS edged down to S$57, OCBC dropped to S$21.80 and UOB slid to S$36.90.

STI slides 1.2% as Brent price rises above US$100

Across the broader market, losers beat gainers 389 to 226, with 1.8 billion securities worth S$2.3 billion changing hands

Singtel is the STI's biggest decliner of the day.

STI falls 0.2% as banking trio ends lower

Across the broader market, gainers edge out losers 298 to 288, after 1.9 billion securities change hands

CapitaLand Integrated Commercial Trust led the gainers on Singapore’s blue-chip index a day after it announced its S$3.9 billion buy of Paragon mall.

Singapore blue chips rise marginally, in line with regional showing

STI gains 0.2% or 10.89 points to finish at 5,014.96

Deputy Prime Minister Gan Kim Yong was sharing his insights at a fireside chat on Apr 21 during Singapore Maritime Week.

Keeping Singapore open, investing in people are key to the city-state being competitive: DPM Gan

The minister encourages governments to speak up for better connectivity to facilitate trade that will benefit all

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