Daily Archives: 2016-05-25

SingPost shares fall as Acra investigates possible breaches of Companies Act

Singapore Post (SingPost) is currently undergoing investigations by accounting watchdog the Accounting and Corporate Regulatory Authority (Acra) for possible breaches of the Companies Act. In response, investors dumped SingPost shares, causing shares to fall as much as 3.5 per cent to S$1.52 in the mid-morning of 19 May. At the end of the day, SingPost shares closed down 1.6 per …

Read More »

Government in talks for stricter laws to combat errant retailers

After a series of high-profile convictions of errant retailers in Sim Lin Square, the Government has proposed changes in legislature that would allow stricter action to be taken against these retailers. The proposed amendments will affect the Consumer Protection (Fair Trading) Act. The proposed changes to the Consumer Protection (Fair Trading) Act will give more power to the Standards, Productivity …

Read More »