SPH reports 46% drop in Q3 profit
For the quarter ending May 31, SPH’s overall revenue slid by 5.7% to $296.7 million. Its media and advertising lines of business showed an even larger drop at 7.1% and 9.2% respectively. As a whole, the group reported a quarterly net profit of S$52.7 million, a year-on-year decrease of 46.5%. One item which stood out...
Police arrest 3 suspects in relation to DHL phone scam
After cheating victims out of more than $4 million in total to date, the police have made their first arrest of such scammers. A 21 year-old was first arrested on Thursday (14 Jul) at Ang Mo Kio hub after trying to withdraw monies while two 22 year-old were arrested at Tuas later that day. Given the young age of the suspects...
FactWire responds to ‘false statement’ by Singapore’s Transport Minister
FactWire, a Hong Kong based news agency "founded by 3,300 Hong Kong people" has released a public statement to deny the allegations made against the agency by Singapore's Transport Minister Khaw Boon Wah. Mr Khaw had, during a visit to the SMRT's Bishan Depot on Wednesday (July 13) suggested that the recent expose by FactWire...
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