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Tag: Singapore

Posted on February 28, 2025

Indonesia begins fasting on Saturday (March 1); Singapore, Thailand and Cambodia follow on Sunday

Muslims in Indonesia will begin fasting on Saturday (March 1), while Singapore, Thailand, and Cambodia will commence fasting on Sunday (March 2).
Posted on February 28, 2025

CDL through the years: From humble roots to family rift at Singapore’s property giant

The dispute has culminated in a High Court hearing on Feb 26 to hear Kwek Leng Beng’s lawsuit against his son and several board directors. Read more at straitstimes.com.

( read original story …)



Posted on February 28, 2025

Property Tycoon Ong to Plead Guilty Over Singapore Ex-Minister Scandal

Property tycoon Ong Beng Seng is set to plead guilty on two charges related to a case involving jailed former transport minister S. Iswaran.

( read original story …)



Posted on February 26, 2025

Father-son feud and an alleged ‘attempted coup’ rock one of Singapore’s largest property developers

Kwek Leng Beng, the chairman of City Developments Limited, is accusing his son Sherman Kwek, who is the CEO, of “serious lapses of corporate governance”.

( read original story …)



Posted on February 26, 2025

Thai fortunes dominate Southeast Asia’s 5 richest families list

Three of the five richest families in Southeast Asia are from Thailand, with the other two from Indonesia and Singapore/Malaysia, according to a recent list compiled by Bloomberg.
Posted on February 26, 2025

Singapore Billionaire Kwek Leng Beng Sues Son In Battle For Control Of Property Giant City Developments

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.

( read original story …)



Posted on February 26, 2025

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 …

( read original story …)



Posted on February 24, 2025

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 …
Posted on February 24, 2025

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 …
Posted on February 24, 2025

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 …

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