Daily Debrief: What Happened Today

Published Wed, Sep 13, 2023 · 06:30 PM
    • Su Haijin has been denied bail and will return to court on Oct 11.
    • Su Haijin has been denied bail and will return to court on Oct 11. PHOTO: SINGAPORE POLICE FORCE

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    Assets seized from Su Haijin swells to S$170 million; prosecution notes ‘substantial wealth overseas’, 3 other passports

    THE total value of the assets seized from Cypriot national Su Haijin, one of the accused in the S$1.8 billion anti-money laundering bust, has increased to S$170 million, the court heard on Wednesday (Sep 13).


    LTA reviews regulatory framework of Singapore’s taxi, ride-hailing sector as daily P2P trips hit 613,000

    THE Land Transport Authority (LTA) is reviewing the structure and regulatory framework of Singapore’s point-to-point (P2P) transport sector, comprising taxis (street-hail) and ride-hail services, it said on Wednesday (Sep 13).


    Hatten Land to resume Harbour City project after unit restructuring gets nod

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    HATTEN Land’s proposed scheme of arrangement for Gold Mart has obtained majority approval from the Malaysian subsidiary’s unsecured creditors, to waive 60 per cent or RM65.3 million (S$19.1 million) of liquidated ascertained damages.


    Japan’s Sumitomo Life to pay S$900 million to increase stake in Singlife

    SUMITOMO Life Insurance, one of Japan’s major life insurers, has entered into an agreement with Aviva Group to acquire its 25.9 per cent stake in Singapore Life (Singlife) for S$900 million.


    Singapore stocks buck regional decline amid cautious sentiment; STI up 0.1%

    THE Straits Times Index (STI) edged up 0.1 per cent or 4.47 points to 3,218.93 on Wednesday (Sep 13).

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