Posts by Yurie Miyazawa
CDL bypass of nominating committee ‘unusual’, goes against spirit of corporate governance rules: observers
Court can determine if directors’ appointments are in accordance with company’s constitution THE appointment process for two of City Developments Ltd’s (CDL) directors as well as the dismantling of the company’s nominating committee (NC) are “unusual” and against the spirit of corporate governance rules, said industry observers. They were referring to the board tussle between…
Read MoreBuybacks surge as corporate earnings season nears end
OVER the five trading sessions from Feb 21 to Feb 27, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$265 million, compared to the S$217 million net outflow over the preceding five sessions. This brings the net institutional outflow for the 2025 year to Feb 28 to S$1.1 billion.…
Read MoreTrademark Tips: Protect Your Brand or Lose It
In today’s competitive landscape, protecting your brand is more important than ever. A trademark serves as a shield for your business, helping to distinguish your products or services from others in the market. Not only does it safeguard your identity, but it also builds trust with your customers. This article will walk you through essential…
Read MoreChina’s Zara tries going global in hopes of Shein-like success
FAST-FASHION retailer Shein blazed a trail for Chinese companies in the US and European markets. Now, another China-based apparel brand wants to replicate its success. With more stores than Inditex SA’s Zara and Hennes & Mauritz AB’s H&M in China, and catching up to them in South-east Asia, Guangzhou-based Urban Revivo is set to open…
Read MoreSherman Kwek saying ‘there was no attempt to oust me misses the point’: CDL chairman Kwek Leng Beng
CITY Developments Ltd (CDL) chairman Kwek Leng Beng has alleged that his son’s denial of an attempt to oust him “misses the point”, in yet another twist to the father-son tussle rocking the company. “Protecting good governance, including the office of the executive chairman, and not me as an individual, is critical. Stripping away any…
Read MoreSkype to shut 14 years after Microsoft’s US$8.5 billion purchase
MICROSOFT is signalling the end of the line for Skype, the iconic Internet calling and chat service it bought almost 14 years ago. Once a byword for digital calls that bypassed long-distance charges, Skype was surpassed in recent years by smartphone-native communication apps and Zoom video calls. When Microsoft tried to stretch the Skype brand…
Read MoreCreative Technology CEO Song Siow Hui retires
CREATIVE Technology chief executive Song Siow Hui, 70, is retiring from his role as of Friday (Feb 28), and the company is now on a “global search” for its next leader. It named its executive chairman Dr Tan Jok Tin, 73, as interim CEO. Meanwhile, the board is looking “for a dynamic and visionary leader…
Read MoreLBC rates up average 0.1% to 3% for commercial, residential, industrial and hotel use groups
THE government has raised land betterment charge (LBC) rates on average by 0.1 per cent to nearly 3 per cent for commercial, residential, industrial and hotel use groups for the next six months. However, LBC rates for the place of worship and civic and community institution use group have been increased by about 6 per…
Read MoreChina, Hong Kong stocks close the week lower on fresh Trump tariffs, focus on NPC meeting
CHINA and Hong Kong equities closed the week lower, ending weeks of gains, as US President Donald Trump announced fresh tariffs on Chinese imports, while investors booked profit on tech stocks and turned focus to next week’s annual parliamentary meeting. Hong Kong’s benchmark Hang Seng Index on Friday (Feb 28) slumped over 3 per cent,…
Read MoreOng Beng Seng to plead guilty on Apr 2
PROPERTY tycoon Ong Beng Seng, 79, has decided to plead guilty. He faces two criminal charges in relation to dealings with former minister S Iswaran. The first charge, for abetting an offence under Section 165, relates to flights and a hotel stay. Ong allegedly offered Iswaran a trip to Doha in December 2022, and arranged…
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