SG brokerage takes RM40M hit in penny stock loss
AmFraser Securities’ clients had a gross exposure of around RM120mil to these three stocks, AMMB told Bursa Malaysia yesterday. The recovery efforts are progressing to expectation and we have proactively provided RM40mil, well in advance of regulatory requirements, it said. (13 Nov) - AMMB Holdings Berhad said its Singapore...
Australian ship crew dumped for foreign workers
Alex Fenn getting ready for his last journey working on the Pioneer as owner Sugar Australia will replace the Australian crew with a foreign workforce. (Credit: ABC) (15 Oct) - It's the end of an era, as the Pioneer bulk sugar carrier heads to Singapore for the last time with an Australian crew and flag. This ship's owner is...
Singapore profiting from Swiss banking secrecy ratline
The Middle East, Monaco, Singapore: Who’s Benefitting From the Swiss Banking Secrecy Ratline? says Ian Allison (Photo: Reuters) I asked a professor of economics from a well-known university in Switzerland where the money leaving his country's coffers might be heading. "I'm not a detective and neither am I psychic," he replied. The...
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