The Business Times
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Ong Beng Seng

Companies & Markets

Ong Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high

Lim's medical conditions include anxiety, depression, insomnia, a large prostate, asthma, coronary artery disease and cerebral vascular disease with cognitive impairment and sensorineural hearing loss.
Singapore

Hin Leong founder OK Lim should be granted judicial mercy, like tycoon Ong Beng Seng: Defence

Ong Beng Seng, who is a Malaysian citizen, was fined $30,000 on Aug 15 after pleading guilty to one charge of abetting the obstruction of justice.
Singapore

Ong Beng Seng retains PR status, issued ICA warning letter

Built in 2009 and refurbished since, the Capricorn has eight cabins that can accommodate as many as 18 people, including more luxurious ones for VIPs.
Singapore

Billionaire Ong Beng Seng’s confidant bought yacht from Google co-founder Sergey Brin

Ong Beng Seng's lawyers earlier argued that a jail term would put his life at great risk because he has a cancer that has compromised his immune system, making him vulnerable to life-threatening infections.
Singapore

Ong Beng Seng gets S$30,000 fine, no jail term in case involving ex-minister Iswaran

Property tycoon Ong Beng Seng arriving at the State Courts on Aug 15.
Singapore

ICA to review Ong Beng Seng’s PR status after he was fined for abetting obstruction of justice

HPL opened Four Seasons Hotel Osaka (above) in August 2024. The group's gross profit rose 3.5% to S$85.2 million for the six months ended Jun 30, 2025, mainly attributable to the new property.
Companies & Markets

Hotel Properties is back in the black with S$11.4 million H1 profit

Ong suffers from an incurable cancer that compromises his immunity, which the prosecution has accepted as basis for considering judicial mercy in his sentencing.
Singapore

Who is Ong Beng Seng, the tycoon involved in the Iswaran graft scandal?

There have been queries about Hotel Properties Ltd's long-rumoured plan to redevelop its prime Orchard Road assets: Forum The Shopping Mall, voco Orchard Singapore and HPL House.
Companies & Markets

What’s next for Ong Beng Seng’s HPL?

Ong had notably been involved with former transport minister S Iswaran in an obstruction of justice case, involving the Formula 1 night race.
Companies & Markets
HOT STOCK

Shares of HPL close 0.7% higher; investors unfazed by founder Ong Beng Seng’s guilty plea

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