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Daily Archives: 2017-05-26

Latest report names Singapore as world’s second largest shark fin trader

Singapore is the world’s second largest shark fin trader by value after Hong Kong according to a new report by TRAFFIC and WWF, who are calling on Singapore to improve transparency in the global shark fin trade through more robust monitoring. The recorded value of the export trade was S$50.4 million for 2012–2013, a close second after Hong Kong’s S$57.2 …

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SPH appoints former NOL CEO as its new Chief Executive Officer

Singapore Press Holdings Limited (SPH) announced today that it will be appointing former NOL Chief Executive Officer, Mr Ng Yat Chung as its Executive Director with effect from 1 July 2017 and subsequently be taking the appointment of CEO from 1 September 2017. Mr Ng is currently an independent director of SPH and chairs the Board Risk Committee and is …

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LTA’s report of MRT network reliability: How reliable is it?

According to the Land Transport Authority's Rail Report, the Mass Rapid Transit (MRT) trains traveled further in first quarter of 2017 before encountering short delays, on track with the reliability target. “The reliability of the MRT network improved significantly in the first quarter of 2017, with the Mean Kilometre Between Failure (MKBF), measuring delays of more than 5 minutes, for …

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Profit taking hammers oil price after OPEC deal

By Margaret Yang, CMC Markets The crude oil price tumbled 5% last night, with the OPEC countries’ decision to extend their current production freeze plan by another nine months coming in below the market’s expectation. Profit-taking activities and ‘selling on facts’ sent the WTI price to US $48.50 per barrel, triggering a broad sell-off in the US energy sector last …

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