California Fitness members are doubtful about their chances of recouping any financial losses after it was announced on Wednesday (Jul 20) that the franchise has gone into liquidation.
Deputy Prime Minister Tharman Shanmugaratnam was speaking at the FutureChina Global Forum, where he delivered the closing address.
Negotiations for a Sri Lanka-Singapore Free Trade Agreement (SLSFTA) are being launched, Singapore's Ministry of Trade and Industry (MTI) said on Monday (Jul 18).
The trading halt was requested to clarify a news report suggesting that the exchange plans to create a separate unit to house its regulatory functions.
Singapore's central bank is scrutinising several banks, including UBS and DBS Group Holdings , to see if they broke anti-money laundering rules in handling transactions linked to scandal-hit Malaysian state fund 1MDB, three people with knowledge of the matter said.
The May 2015 announcement on SGXNet and a news release it contained presented a favourable view of the company's share performance based on a report by Edison Investment Research.
K H Raja Mohamad Maiden was ordered to pay a penalty of S$118,665.60 and a fine of S$4,500 for making false declarations to obtain a cash payout of S$59,332.80 for his business.
In a conference call on Friday, SGX CEO Loh Boon Chye says that the exchange's technology is supplied by Nasdaq, but did not say if the problem was originated internally or from the vendor.
Retail sales in Singapore rose 3 per cent in May compared with the previous year, mainly due to a jump in the motor vehicles sector, the Department of Statistics (SingStat) said on Friday (Jul 15).
Speaking at his first AGM as chairman, Simon Israel also pledged to set things right, acknowledging that SingPost’s reputation and share price has “suffered from a very public crisis surrounding [its] board governance”.