SINGAPORE (Aug 23): The Edge Singapore scooped up two awards at the SGX Orb Awards on Wednesday (Aug 21), after receiving five nominations across six categories. 

Ben Paul, our editor-at-large, won the Story of the Year — Securities award for a piece titled “Buffett’s methods ought to be as much of an inspiration to corporate boards as to investors” (Issue 881, May 13). Paul had compared the manner in which billionaire investor Warren Buffett reports the performance of Berkshire Hathaway to his fellow shareholders with the way the boards and top management of Singapore-listed companies engage the market. “In my view, investors are not drawn to Berkshire only because of Buffett’s enormously successful investment approach,” Paul wrote. “Many of them simply like being treated as real owners of the businesses under the group.”

The Edge Singapore wins big at SGX awards

Prudential’s Barry Stowe, who retired in Dec 2018, was the highest paid CEO among Singapore listed companies in 2018.

Besides being listed in London, Prudential has a secondary listing on the Singapore Exchange since May 2010.

Who are the 40 highest-paid CEOs among Singapore's listed companies?

Genting Singapore independent director Koh Seow Chuan has been a board member since 2008. However, judging from his past behaviour, the retired renowned architect prefers not to hold shares in the company. According to a May 13 filing with the stock exchange, Koh sold all his 125,000 shares on May 10. The shares were awarded to him less than three months ago, as part of the company’s performance share scheme for its board of directors and employees.

Genting Singapore independent director Koh sells all his shares — as is his usual practice

Following an acquisition spree between 2012 and 2016, luggage maker Samsonite International has cemented its position as the market leader in the industry. With multiple brands and product ranges, the company’s focus now is to build on each of these acquisitions and grow a larger customer base.

Samsonite International digests acquisitions; upbeat on Asia’s growing travel market despite 1Q hiccup

The row over the palm oil industry and the detrimental effects it has on the environment has intensified in recent weeks, fired up by the European Union’s plan to curb the use of palm oil in biofuels. Significantly, biofuels only emerged in the last decade or so as another use for palm oil as the world looked for renewable sources of energy.

Pay up, or they give up

While the proposal by Teresa Kok, Malaysia’s minister of primary industries, to cap oil palm plantations in Malaysia at 6.5 million hectares by 2023 grabbed headlines in March, some environmentalists were uncomfortable with the target.

Greater transparency required to curb deforestation in Malaysia

After the longest Parliament sitting in Singa­pore to debate legislation, the city state passed a law that gives portfolio ministers — part of the group of political office holders in Singapore — the power to decide what amounts to news that is false and against the public interest, and order that it be either corrected or taken down.

What went on behind the passing of Singapore's new fake news law

If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for instance, sales.

This startup plans to permanently integrate its offerings with Grab

With local brokerage firms already under siege from slumping commissions and waning investor interest, the ongoing trial of  John Soh Chee Wen and Quah Su-Ling in relation to the 2013 penny stock crash is unlikely to improve industry morale.

How responsible should brokerages be held for the 2013 penny stock crash?

In a TV interview on April 11, UBS economist Kelvin Tay blamed “political paralysis” in Malaysia for landing the country in an economic bind that includes a “current account deficit” of higher than 3.4%.

Pakatan Harapan's hope for Malaysia

SINGAPORE (April 18): When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together.

But one year on, no joint venture projects have been announced, as ...

Things looking up for CSE Global despite lack of JV projects with Serba Dinamik

Two mid-day announcements on April 4 by Hyflux and its rescuer SM Investments left both investors and market watchers confused. First, Hyflux cancelled the meetings to vote on a scheme of arrangement scheduled for April 5 and 8, because it claimed SMI had repudiated the restructuring agreement.

Hyflux rescue bid by SMI falls through amid conflicting statements

Tackling falsehoods has become a high priority for the Ministry of Law.

How Singapore's laws are evolving in the war against fake news

Over the last 20 years, Ivan Chee Yew Fei has been involved in various industries as founder and CEO of Webcon, a privately held diversified company in Malaysia. He led the company to expand into engineering and construction, property development, mining, trading of heavy machinery and investment holding. Now, as iron ore prices remain firm, Chee intends to grow the mining business under newly incorporated Fortress Minerals — by listing the latter on the Catalist board of the Singapore Exchange.

Iron miner Fortress Minerals lists; digs in to meet further demand from China

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

Russia launches 'inhuman' Christmas Day attacks, Ukraine says

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

China, Japan foreign ministers agree visit, security dialogue

Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says

China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

China avoids rate cut to keep ammunition for future pressure

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

South Korea's Yoon defies second agency summons over martial law

An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead

The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

RON95, diesel prices unchanged, RON97 up three sen

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

China stocks close flat, energy gains offset small-cap losses

Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

Japan's Nikkei reverses course, ends higher as autos rise

Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

Anwar: Govt will fully cooperate if MH370 search yields results

<p>Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.</p>


In The Edge Singapore This Week

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In The Edge Singapore This Week

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