Convicted market manipulators John Soh Chee Wen and Quah Su-Ling have failed in their appeal for less jail time, after Singapore’s apex court upheld their original prison terms imposed in 2022 for orchestrating the country’s largest securities fraud.

Apex court upholds lengthy jail terms for John Soh and partner behind Singapore penny stock crash

SINGAPORE (March 4): The appeal hearing of convicted market manipulators John Soh Chee Wen and Quah Su-ling got off to a bumpy start for the defence, with the apex court rejecting several arguments put forward to quash the pair’s convictions for their roles in Singapore’s largest securities fraud.

Penny stock crash appeal hearing off to bumpy start for accused

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

In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.

We have to thank the bond markets for telling the truth: Tharman

YOUR DAY AHEAD: Oct 8, 2026

No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.

Penang state land auction draws a blank, sources say

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 8, 2026 

India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.

RBI signals further rate hikes as price pressures intensify

Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns. Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge

Asian stocks to dip as oil fuels inflation worries

Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.

Oil edges higher on Iran strike options report and storm impact

A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes.

Stocks fall from all-time highs on inflation worry

Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

HSBC said on Wednesday consultations were underway, after the Financial Times (FT) reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence (AI).

UK unit job cuts: HSBC says 'consultations' underway amid AI adoption

Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

Malaysia still faces RM20.1 billion in outstanding obligations related to 1Malaysia Development Bhd (1MDB) if no additional funds are recovered, according to the Ministry of Finance (MOF).

Govt still has to bear RM20.1b 1MDB burden if no further funds recovered — MOF

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.

Yinson, Northern Solar, Aemulus, Datasonic, CIMB, AMMB, PJBumi, MMM Group

Bursa Malaysia Securities has dismissed MMM Group Bhd’s (KL:MMM) appeal against the rejection of its proposed regularisation plan, paving the way for the company to be delisted on Oct 12.

MMM Group to be delisted on Oct 12 as Bursa Malaysia dismisses appeal

British 30-year bond yields rose to a 28-year high on Wednesday as a global bond sell-off pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.

UK 30-year gilt yields hit 28-year high in global sell-off

The additional tax claim against Tenaga Nasional Bhd (KL:TENAGA) will not&nbsp;result&nbsp;in the cost being passed on to consumers through electricity tariff hikes, said the Ministry of Finance (MOF).

TNB's additional tax claim not passed on to consumers via tariffs, says MOF

No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.

Lighting solutions provider Speedy Best Holdings Bhd, which also manufactures and sells steel poles and provides smart city solutions, is planning an ACE Market listing to raise funds for capacity expansion and to further develop its proprietary platform that uses artificial intelligence for smart city management.

Speedy Best plans ACE Market IPO to raise funds for capacity expansion

ACE Market-listed Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.86 million (RM15.77 million) from an undisclosed Singapore customer for test systems used in the data centre and artificial intelligence (AI) market.

Aemulus secures RM15.8m orders for data centre, AI test systems from Singapore customer

In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.

The Nasdaq and the S&amp;P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve's September meeting.

Nasdaq, S&P 500 slip from record highs as yields and oil rebound

The Ministry of Finance (MOF) is finalising&nbsp;a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.

MOF finalising proposed law to strengthen governance of govt-owned companies

Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns.&nbsp;Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge

The government is reviewing a formal agreement with Dapat Vista Sdn Bhd, the company that operates the eJamin system for online payment of court bail, before submitting it to the Cabinet soon.

eJamin: Govt reviewing formal agreement with Dapat Vista before presenting it to Cabinet

Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.

The holding company of Canada's Weston family has agreed to buy British health and beauty retailer Boots from private equity firm Sycamore Partners and the Pessina family for US$8.9 billion (RM36.4 billion), including debt, it said on Wednesday.

Canada's Weston family buys UK pharmacy chain Boots for US$8.9 bil

Transit routes in the Strait of Hormuz deemed illegal by Iran will soon be closed, an adviser to the Revolutionary Guards' Commander told the semi-official Fars News Agency on Wednesday, referring to the southern pathway hugging Oman's coast.

Iranian official says 'illegal Hormuz routes' to soon be blocked

It’s telling that among the first casualties of David Ellison’s takeover of Warner Bros&nbsp;Discovery Inc&nbsp;were Michael De Luca and Pamela Abdy, the studio executives known for spending freely on auteur-driven films like last year’s best-picture winner, One Battle After Another.

Ellison’s new Skydance seeks to wring more profits from movies

Here's a heads up on what to look out for today.

The Sarawak State Legislative Assembly is expected to be dissolved in November or two weeks after the state's budget for 2027 is passed.

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