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regulatory action
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MAS prohibits DBS from acquiring new business ventures for six months following repeated services disruptions
DBS will also be setting aside a special budget of $80 million to enhance system resiliency.
November 01, 2023
Regulatory Action
SGX RegCo issues notice of compliance to Boustead and Boustead Projects
The company must notify the exchange on its exit offer proposal no later than one month from Sept 26.
September 26, 2023
Regulatory Action
SGXRegCo reprimands current and former directors of 8Telecom for breaching listing rules
Shares in 8Telecom last traded on Sept 6, 2019 at 6.9 cents.
September 15, 2023
Tech
What’s next for China’s tech sector?
China has seen a regulatory "truce" at long last for its tech sector, but will it mean clearer skies for its companies?
October 13, 2022
Regulatory Action
Singapore’s rise sparks boost in defense against financial crime
Singapore has moved to tighten oversight after a series of high profile corporate collapses and alleged frauds in recent years
April 27, 2022
Regulatory Action
MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021
DBS Bank is required to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk
February 07, 2022
Regulatory Action
Eagle Hospitality Trust to 'cooperate fully' with MAS, CAD investigations; MAS reviewing proposed change of manager
EHT’s board also understands that former directors of the managers have either already been interviewed, or will be interviewed in due course as part of the investigations.
June 08, 2020
Regulatory Action
MAS, CAD commence joint investigation into EHT's management
The authorities say the investigation stems from a referral by the Singapore Exchange Regulation (SGX RegCo), and follows a review announced by SGX RegCo and MAS on Apr 20.
June 05, 2020
Company in the news
Eagle Hospitality Trust's Wu and Woods to quit following discovery of 'prejudicial' transactions
EHT's non-executive chairman Howard Wu and deputy chairman Taylor Woods have handed in their resignations after they were found to have inked transactions that were "not on commercial terms" and "prejudicial" to the interests of the REIT.
May 20, 2020
China Focus
Picking winners amid clash of the superpowers
“We acknowledge the rising risk but believe it is not currently enough to derail China’s outperformance versus the broader emerging markets.” - Morgan Stanley
May 15, 2020