New chairman instructs SingPost to withdraw legal letter to SIAS

Singapore

IMPROVING controls at Singapore Post is not the only change its new chairman, Simon Israel, has introduced since taking the reins there - on Thursday, he also wiped the slate clean with investor lobby group Securities Investors' Association (Singapore), a key critic of the previous board's lapses.

Mr Israel has instructed SingPost to withdraw a lawyer's letter that it had sent in early February this year to the association, also known as SIAS, TheBusiness Times understands.