John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.

Penny stock crash mastermind John Soh sentenced to 36 years' jail in Singapore, co-conspirator gets 20 years

Lawyers defending John Soh Chee Wen and Quah Su-Ling crossed swords with prosecutors on Friday (Nov 4) over the length of the sentence that should be passed to convicted masterminds of the 2013 penny stock saga.

2013 penny stock saga mastermind John Soh and co-conspirator Quah Su-Ling await sentencing

SINGAPORE (May 5): John Soh Chee Wen – the alleged mastermind of the 2013 penny stock crash – and his co-conspirator Quah Su-Ling, have been found guilty of several of the charges they were facing under three groups of criminal conspiracy including for forced trading, price manipulation and deception.

Singapore court finds John Soh and partner guilty of share price manipulation

SINGAPORE (Dec 3): John Soh Chee Wen — the alleged mastermind of the 2013 penny stock crash — was back in court on Dec 3, as both the prosecution and defense counsels put forth their closing submissions to Justice Hoo Sheau Peng.

Counsels put forth closing submissions as trial of John Soh and Quah Su-Ling draws to a close

SINGAPORE (June 1): John Soh’s evidence on not giving instructions on trades was challenged once again on June 1, the fourth day of the prosecution’s cross-examination.

Deputy Public Prosecutor (DPP) Teo Guan Siew showed the court several instances where Soh — the alleged mastermind of the saga — had seemingly giving instructions to Adeline Cheng Jo-Ee for trades to be made in the account of Neo Kim Hock.

Girlfriend Cheng merely 'informed' him of trades done, says Soh

SINGAPORE (May 31): John Soh — the alleged mastermind of the 2013 penny stock saga — reckons that traders had viewed his involvement in projects as a way to spur more investors to jump on the bandwagon.

Soh claims his presence was a 'catalyst' to get investments; admits to weakness for sob stories

SINGAPORE (May 28): John Soh’s stance on not giving instructions on trades in the lead up to the 2013 penny stock crash was put to the test once again on May 28, the second day of the prosecution’s cross examination.

There is a difference between confirming and reporting instructions, says Soh

SINGAPORE (May 27): It is the first day of the prosecution’s cross-examination and John Soh – the alleged mastermind of the 2013 penny stock saga – was initially adamant that he had not used a Blackberry phone extensively, let alone to give trading instructions, as was suggested by some prosecution witnesses.

To prove this, the self-professed “dinosaur” said he had embarked on an experiment of sorts to use a Blackberry phone for around one to two months to “try to make [him]self a little bit more tech-savvy”.

Soh's stance on not giving trading instructions challenged on day 1 of cross-examination

Quah Su-Ling — the co-accused in the 2013 penny stock crash — is of the view that the allegations on her involvement in the saga are based on a conspiracy theory.

Co-accused Quah claims her role in penny stock saga is a conspiracy theory based on her relationship with Soh

It is the seventh and final day of his examination-in-chief by his defence counsel and John Soh — the alleged mastermind of the 2013 penny stock saga — maintained that the trades made in the lead up to the crash were not based on instructions given by him.

Soh reinforces that he did not give trading instructions on day 7 of his defence

SINGAPORE (May 18): The trades made in the lead up to the 2013 penny stock crash were not based on instructions given by him, John Soh told the court on May 18.

Penny stock crash mastermind maintains he did not give instructions on trades

SINGAPORE (May 17): John Soh — the alleged mastermind of the 2013 penny stock saga — is of the view that the prosecution has been deceived by the trading representatives who have been called to the stand as witnesses.

Recounts of trading representatives were 'practical impossibilities' and 'total lies', says Soh

SINGAPORE (May 11): John Soh, the alleged mastermind of the 2013 penny stock saga, claims that he has a special interest in turning around troubled companies.

“I love doing deals, I love the adrenaline of doing deals,” said Soh on May 11 during the examination-in-chief by his defence counsel N Sreenivasan of K&L Gates.

However, he pauses briefly when asked if he considers himself a ‘deal junkie’.

Penny stock saga accused mastermind John Soh: I love doing deals

The long-running trial of John Soh Chee Wen and co-accused Quah Su-Ling took yet another twist with Justice Hoo Sheau Peng denying the defence counsels’ application for either a permanent, or conditional stay of proceedings on Aug 17.

Soh and Quah's application for stay of trial rejected

The world is experiencing shifts and new realities.

Asean as a middle-class society

The new Monthly Tax Deduction (PCB) service system, e-PCB Plus, will be introduced to replace the existing systems e-PCB, e-Data PCB and eCP39, under one platform through the MyTax portal.

The Inland Revenue Board (IRB), in a statement on Wednesday, said that this is in line with the implementation of the transition plan towards the e-PCB Plus Phase 1 system on Sept 24 last year.

IRB introducing new monthly tax deduction system called e-PCB Plus

There is an urgent need for Asean member states to work towards an agreement not to circumvent the global minimum tax (GMT) as countries begin to adopt the tax, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

He also urged Asean member states not to enter into a race to the bottom in terms of wages, tax cuts or tax holidays but instead to uphold environmental standards.

Asean should unite regarding Global Minimum Tax implementation — Liew

The Penang Water Supply Corporation (PBAPP) said on Wednesday that it will roll out six water supply related projects worth over RM1.8 billion, as part of its efforts to address rising water consumption.

Penang to kick off six water projects worth over RM1.8 bil

The government will review strategies for the future and implement more effective measures to deal with the issue of online fraud, said Deputy Communications Minister Teo Nie Ching.

She said through the existence of the National Anti-Fraud Portal and the cooperation of all stakeholders, the government will also continue to take decisive action to combat scam crimes.

Govt to implement more effective measures to address online scam — Teo

In what is possibly her final speech at the Opening of the Legal Year, Chief Justice Tun Tengku Maimun Tuan Mat said that her time as the top judicial officer of the country has been filled with tests — being criticised, vilified, labelled as un-Islamic or an enemy of Islam, and even having her husband (unfairly so) being used against her in some applications to not only have her recused but, more generally, to embarrass her and the bench.

Chief Justice: My conscience is clear

Nvidia Corp’s Jensen Huang, the CEO at the centre of the artificial intelligence boom, said he’s ready to meet US President-elect Donald Trump and offer his help to the coming administration.

Nvidia CEO says he’d be ‘delighted’ to meet with Trump

Construction and property firms would be the first beneficiaries of the Johor-Singapore Special Economic Zone (JS-SEZ) that will require everything from utilities to warehouses, and from houses to offices.

Builders, developers first beneficiaries of Johor-Singapore Special Economic Zone, analysts say

South Korea’s impeached leader is barricaded in his Seoul residence, protected by a blockade of buses, barbed wire, crowds of supporters and his own armed security guards. The question now is whether investigators can arrest him without a violent confrontation.

South Korean standoff over Yoon’s arrest risks violent turn

A record number of borrowers are selling bonds in Europe on Tuesday, returning from the holidays to take advantage of spreads that are near the tightest in three years.

Bond market in Europe sees more issuers than ever in single day

Investors in the Johor-Singapore Special Economic Zone (JS-SEZ) are eligible for a suite of incentives, including a special corporate tax rate that takes effect on Jan 1, the Finance Ministry said on Wednesday.

Malaysia announces tax incentives for Johor-Singapore Special Economic Zone

Swift Energy Technology Bhd (KL:SET) surged 29% in its trading debut on Wednesday, the first listing for 2025, after the industrial services firm’s initial public offering (IPO) grossed RM84.07 million.

Swift Energy surges 29% on ACE Market debut in 2025's first listing

US President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he has promoted since winning the Nov 5 election.

Trump will not rule out force to take Panama Canal, Greenland

Local technology stocks are expected to see a double-digit compounded earnings growth till 2026, amid increased investments in artificial intelligence (AI), said CIMB Securities.

The technology sector's revenue is projected to grow at an average annual rate of 13% from 2025 to 2026, compared with 1% in 2024, driven by a rebound in semiconductor industry demand, supply chain diversification to Asean, and inventory replenishment, the research house said.

Local tech stocks poised for double-digit earnings growth as semiconductor market recovers — CIMB Securities

In what is possibly her final speech at the Opening of the Legal Year, Chief Justice Tun Tengku Maimun Tuan Mat said that her time as the top judicial officer of the country has been filled with tests — being criticised, vilified, labelled as un-Islamic or an enemy of Islam, and even having her husband (unfairly so) being used against her in some applications to not only have her recused&nbsp;but, more generally, to embarrass her and the bench.

Exxon Mobil Corp said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024.&nbsp;

Exxon predicts US$700 mil hit to profit from lower oil prices

Asian stocks drifted lower on Wednesday, with a robust dollar keeping the yen pinned near six-month lows as traders wagered the Federal Reserve will likely be slow in cutting rates after data showed the US economy and labour market remained stable.

Asian stocks slip, dollar bolstered by US rate outlook

Construction and property firms would be the first beneficiaries of the Johor-Singapore Special Economic Zone (JS-SEZ) that will require everything from utilities to warehouses, and from houses to offices.

Malaysia and Singapore reaffirmed their commitment to revamp the Joint Ministerial Committee for Iskandar Malaysia (JMCIM) to better support the Johor-Singapore Special Economic Zone (JS-SEZ).

Malaysia, Singapore reaffirm plan to revamp joint ministerial committee after special economic zone agreement

MRT Corp has proposed part of the Sungai Nibong Festival Site here for use to build a depot for the Mutiara Line Light Rail Transit (LRT) project, said Penang Chief Minister Chow Kon Yeow.

MRT Corp proposes LRT depot at Sungai Nibong Festival Site — Chow

Stocks got hammered as a selloff in the world’s biggest bond market deepened on speculation the Federal Reserve won’t cut interest rates before July amid inflation risks.

Following a recent rally, equities lost traction on Tuesday as a report on US service providers showed a price gauge hitting the highest since early 2023.

US stocks roiled by bond rout amid inflation jitters

A technology industry group on Tuesday urged President Joe Biden's administration to refrain from issuing a last-minute rule that would control global access to artificial intelligence (AI) chips, warning the restrictions would jeopardise US leadership in AI.

Tech group urges US to halt rule that would limit global access to AI chips

South Korea’s impeached leader is barricaded in his Seoul residence, protected by a blockade of buses, barbed wire, crowds of supporters and his own armed security guards. The question now is whether investigators can arrest him without a violent confrontation.

The Penang Water Supply Corporation (PBAPP) said on Wednesday that it will roll out six water supply related projects worth over RM1.8 billion, as part of its efforts to address rising water consumption.

Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.

Samsung's 4Q profit outlook misses estimates by large margin as chip issues drag

Nvidia Corp’s Jensen Huang, the CEO at the centre of the artificial intelligence boom, said he’s ready to meet US President-elect Donald Trump and offer his help to the coming administration.

The new Monthly Tax Deduction (PCB) service system, e-PCB Plus, will be introduced to replace the existing systems e-PCB, e-Data PCB and eCP39, under one platform through the MyTax portal.

The Inland Revenue Board (IRB), in a statement on Wednesday, said that this is in line with the implementation of the transition plan towards the e-PCB Plus Phase 1 system on Sept 24 last year.

Malaysia’s economy is poised for steady growth this year, driven by strong domestic demand, robust investment activities and growth in exports and tourism despite potential global uncertainties, according to the Federation of Malaysian Manufacturers (FMM).

Malaysia's economy to remain resilient in 2025 — FMM

Tencent Holdings Ltd repurchased the most shares in nearly two decades after a sell-off sparked by the tech firm’s addition to a US blacklist for alleged links to the Chinese military.

Tencent makes biggest buyback since 2006 after US blacklist

The World Health Organisation (WHO) on Tuesday offered reassurance about HMPV, a respiratory infection that is spreading in China, emphasising that the virus is neither new nor particularly dangerous, reported German news agency dpa.

A WHO spokeswoman said the agency is in contact with the Chinese Centre for Disease Control and Prevention. She said the WHO had been told that various respiratory infections are circulating in China, as is typical in its winter, including 'flu, RSV, Covid-19 and HMPV.

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