EARNINGS OUTLOOK

Upcoming results season may not be a pretty sight

THE upcoming earnings season will be greatly scrutinised by investors for clues on the extent of damage wrought by the ongoing trade war and the impact of the unrest gripping Hong Kong, though pundits said there are a few bright spots such as S-Reits (Singapore real estate investment trusts)....

BreadTalk Group gets regulatory nod for Food Junction buyout

MAINBOARD-listed food and beverage player BreadTalk Group has obtained regulatory approval for its buyout of Food Junction, paving the way for the group to become the third-largest food court operator in Singapore.

BreadTalk Group gets regulatory nod for its buyout of Food Junction

MAINBOARD-listed food and beverage player BreadTalk Group has obtained regulatory approval for its buyout of food operator Food Junction, paving the way for the group to become the third-largest food-court operator in Singapore.

JLC Advisors' Jeffrey Ong faces more charges

THE JLC Advisors lawyer allegedly linked to Allied Technologies' missing S$33 million is now staring at a total of 26 charges, having been arraigned on Monday on four fresh counts including the most serious criminal breach of trust (CBT) offence.

JLC Advisors' Jeffrey Ong faces criminal breach of trust as a lawyer, 3 more forgery charges

JLC Advisors managing partner Jeffrey Ong Su Aun, who made headlines in May over Allied Technologies' missing S$33 million escrow funds, on Monday was slapped with four more charges - none related to the Catalist-listed precision engineering company's money.

Brandz director jailed 15 months for raising funds without prospectus

THE court has sentenced an undischarged bankrupt businessman to 15 months' imprisonment for raising funds from investors in the form of a convertible loan without a prospectus.

2 men get jail terms for spoofing index futures, giving SGX false information

THE court has sentenced a pair to four weeks and 16 weeks of imprisonment for "spoofing" in the Singapore derivatives market, and providing false information to the Singapore Exchange (SGX).

Businessman gets 15 months' jail for raising funds without a prospectus

A SINGAPORE court has sentenced a businessman to 15 months' imprisonment for raising funds from investors in the form of a convertible loan without a prospectus.

OECD's proposed tax changes may hit revenue for Singapore

THE international community is considering resetting the rules that could fundamentally change the global tax landscape. Singapore's position is to improve the current value creation concept rather than have it replaced by an approach that focuses on the size of the market.

PENNY STOCKS SAGA

'John Soh would use bankruptcy to secure loyalty from associates'

A FORMER remisier, who has admitted to have been intimately involved in the 2013 penny stock market-rigging, painted a picture of John Soh Chee Wen - the alleged mastermind of the scheme - as a manipulative user.

Penny stock scandal's accused Soh said to have 'substantial funds' despite S$8b crash

JOHN Soh Chee Wen, the alleged mastermind behind the 2013 penny stock market-rigging, was said to have "substantial funds" after the crash that wiped out S$8 billion in market value.

George Quek looking to S'pore-Taiwan trade pact to resolve Pacific Sogo acquisition woes

BREADTALK founder George Quek is looking to a Singapore-Taiwan trade pact signed in 2014 to resolve the issues encountered in his recent personal acquisition of Taiwan's Pacific Sogo Department Stores.

George Quek turns to trade pact to resolve Pacific Sogo woes

BREADTALK founder George Quek is looking to a Singapore-Taiwan free trade pact to resolve the issues encountered in his recent personal acquisition of Taiwan's Pacific Sogo Department Stores.

PENNY STOCKS SCANDAL

Soh, Quah said to be hit with at least S$400m trading loss

THE penny stock crash in 2013 caused John Soh Chee Wen and Quah Su-Ling to incur at least S$400 million in trading losses, the High Court heard in the ongoing trial of the pair accused of manipulating the market.

'What are you scared of? My house is full of lawyers', penny stocks saga's Quah allegedly said

A FORMER remisier testified that when he asked his client Quah Su-Ling if she was manipulating the market, she gave him the response "What are you scared of? My house is full of lawyers".

BreadTalk founder George Quek buys majority stake in Taiwan department store chain Pacific Sogo

MAINBOARD-LISTED food and beverage player BreadTalk's founder George Quek is embarking on his biggest personal investment - acquiring a majority stake in Taiwan's Pacific Sogo Department Stores.

PENNY STOCKS SAGA

2013 penny stock crash has made at least half a dozen people bankrupt

HENRY Tjoa was Phillip Securities' star remisier with S$2.3 million generated in commission income in 2013. But the self-employed broker was hit by the penny stock crash in October that year when his clients could not pay up for their trading losses totalling over S$12 million.

Purple Asset Management launches OCIO services

SEEING "incredible" opportunities for outsourced chief investment officer (OCIO) services in Asia, Purple Asset Management has launched an OCIO service provider to get a slice of the regional market potentially worth US$1.8 trillion.

Trek 2000 does not expect to further adjust statements

MAINBOARD-LISTED technology solutions company Trek 2000 International does not expect any further adjustments in its financial statements this year, the company said in a written response to queries from the bourse regulator arising from the recent arraignment of the company's founder and three...

Further financial statement adjustments not expected: Trek 2000

MAINBOARD-LISTED technology solutions company Trek 2000 International does not expect any further adjustments in its financial statements this year, the company said in a response to queries from Singapore Exchange Regulation (SGX RegCo) arising from the recent arraignment of the company's...

Purple Asset Management launches OCIO services for Asia family offices, wealth managers

SEEING "incredible" opportunities for outsourced chief investment officer (OCIO) services in Asia, Purple Asset Management on Thursday launched in Singapore its OCIO services provider for the region.

Trek founder Henn Tan and 3 former executives charged

HENN Tan, the founder of mainboard-listed Trek 2000 International and one-time poster boy for Singapore tech innovation, was charged in court on Wednesday with multiple offences involving falsification of accounts, cheating external auditors, forgery and disclosure breaches under Singapore's...

Trek 2000’s Henn Tan, 3 others charged with falsification, cheating, among others

TREK 2000 International’s chairman emeritus Henn Tan - the inventor of ThumbDrive - and three former officers were each slapped on Wednesday with three to 16 charges including those of falsification and cheating independent auditors that financial statements had been properly drawn up.

SINGAPORE GRAND PRIX

F1 Singapore Grand Prix draws 268,000 fans, 2nd highest on record

THE Formula One Singapore Grand Prix recorded its second highest attendance in the night race's 12-year history, having pulled in 268,000 attendees over three days - despite the hazy weather.

Posh JV faces cross default

AN event of default on a loan granted to PACC Offshore Services Holdings' (Posh) joint venture has triggered a cross default under a second loan facility by another lender to the joint venture.