Real estate billionaire Kwek Leng Beng has disclosed that he has filed a lawsuit in Singapore against his son, Sherman, for control of the family’s crown jewel, property giant City Developments Ltd.
Battle for control: In Singapore, CDL chairman Kwek Leng Beng moves to oust CEO son over alleged boardroom coup
A power struggle has erupted at property giant City Developments Limited (CDL), with executive chairman Kwek Leng Beng seeking to remove his son, group chief executive Sherman Kwek, over an alleged …
Saudi Arabia to buy control of Olam’s agribusiness for $1.8 billion; shares jump
Saudi Arabia’s agricultural and livestock investment firm SALIC has agreed to buy a 44.58% stake in Singapore-based Olam Group’s agricultural products business Olam for 1.78 billion, the companies …
Saudi Arabia snaps up Olam’s agribusiness division in a deal valued at $4 billion, more than the Singaporean firm’s entire market cap
First, Salic will acquire 44.57% of Olam Agri for $1.78 billion, bringing its total ownership stake to 80.01%. The Saudi fund will then have three years to exercise a call option on the remaining …
Saudi Arabia’s Salic to buy Olam Agri business from Singapore parent
Saudi Agricultural and Livestock Investment Company (Salic) has agreed to acquire a 44.58% stake in Olam Agri Holdings, the agricultural products unit of Singapore’s Olam Group, for $1.78bn. Post the …
Indonesia launches new multibillion dollar Danantara sovereign wealth fund
Indonesia’s Prabowo officially establishes Danantara, which is modelled on Singapore’s investment arm Temasek.
50,000 found property reports made in 2024; majority were traced to owners
Reports of property being found are on a rising trend, with 50,000 cases logged last year, up 19 per cent from the 42,000 reports in 2022. The Singapore Police Force’s Found and Unclaimed Property …
Lost your phone? Here’s what happens once it’s brought to the Singapore police
SINGAPORE: Have you ever been contacted by the police to collect a lost item? Or perhaps found something and dropped it off at a police station? Ever wondered what happens next? W …
Vietnam’s railway drive raises risk of mismanagement, debt traps, analysts say
Minh Son To, a research assistant focused on Vietnamese and Chinese politics at Singapore’s Nanyang Technological University, told VOA February 20 Hanoi has looked to Laos with concern after a …
Budget 2025: ‘Considerable’ uncertainty about Singapore government revenues in coming years, says PM Wong
Corporate income tax collections increased unexpectedly in recent years, but it is too soon to tell whether this will be a lasting trend, said Prime Minister and Finance Minister Lawrence Wong.