Singapore Wrap Friday

MOT will study third-party ride-booking apps, ensure level playing field: Khaw

The Ministry of Transport (MOT) will study third-party ride-booking apps such as GrabTaxi and Uber, and where justified, level the playing field between private-hire drivers using these apps and taxi drivers, said Transport Minister Khaw Boon Wan on his blog on Friday.

Sinarmas spends another S$80.5m on massive share buyback

Indonesian real estate group Sinarmas Land has bought back another large chunk of its own shares on the open market.

More firms worried about bribery, corruption: KPMG survey

There is a sharp increase in the proportion of corporate risk leaders who say they are highly challenged by the issue of bribery and corruption, compared to four years ago, said audit and advisory firm KPMG.

Poon Hong Yuen named as new CEO of Spring Singapore

The deputy secretary for the Ministry of Law, Poon Hong Yuen, has been appointed as the chief executive of Spring Singapore from Nov 1.

TWG says pesticide issue 'overblown'

Taiwan's Food and Drug Administration has found excessive levels of pesticide residues in TWG Tea's "Chamomile Green Tea" that was exported from India, the agency said in a Sept 29 notice.

The STI today

Singapore shares close 9 points lower

Singapore shares closed lower on Friday with the key Straits Times Index ending 8.7 points or 0.3 per cent down at 2,793.15.