The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

Will Ong Beng Seng’s links to Iswaran case undermine his ability to effectively lead HPL?

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Wed, Jan 31, 2024 · 05:00 AM
    • Tycoon Ong Beng Seng is alleged to have provided benefits worth over S$384,000 to former transport minister S Iswaran.
    • Tycoon Ong Beng Seng is alleged to have provided benefits worth over S$384,000 to former transport minister S Iswaran. The Straits Times

    ONG Beng Seng is synonymous with Singapore-listed hotel and property group Hotel Properties Limited (HPL).

    The Malaysian tycoon is HPL’s co-founder and managing director, and has been instrumental in running the group since its incorporation in 1980.

    Notwithstanding his many contributions to the group, the time could be right for the long-serving Ong to leave his executive role at HPL.

    Hotel Properties LtdS IswaranCPIBCorruptionCorporate governanceHock Lock SiewSpotlight

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    ​OCBC head of global consumer financial services Sunny Quek says: “All of us (financial institutions) have a wealth strategy. What’s really going to differentiate one bank from another is the execution."

    OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Hengli Petrochemical's refining complex in China's Dalian in 2018.

    Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More