Hyflux’s auditor KPMG under scrutiny by ACRA

The media has reported that the Accounting and Corporate Regulatory Authority (Acra) is currently keeping a close watch as investors are asking why Hyflux’s auditor KPMG failed to flag risks of Hyflux earlier. For many years, Hyflux’s auditor KPMG had given Hyflux a clean bill of health, attesting to Hyflux’s ability to continue to operate. With the company now facing …

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Prostitutes operating through an online website, mostly Singaporean women

Two men Ong Ah Huat and Teo Sah Soon were sentenced to jail and fined in court yesterday (4 Apr) for setting up a website for prostitution and living off the earnings collected from prostitutes. In Singapore, prostitution itself is not illegal, but various prostitution-related activities are. This includes public solicitation and living off the earnings of a prostitute. Ong, …

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SPH: We welcome Govt’s draft legislation to deal with online “fake news”

In a statement published by the Singapore Press Holdings (SPH) today (4 Apr), SPH said it welcomes the Government’s draft legislation to “deal decisively with the challenge of deliberate online falsehoods”. “Given the vulnerabilities that exist in society, the measures proposed will help address a clear and present danger posed by those who seek to use new media platforms to …

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URA releases plan to build underground infrastructure ready for 10 million population

On Wednesday (3 Apr), the Nikkei Asian Review reported that Singapore has plans to build underground infrastructure below its existing land and buildings in order to maximise space. Singapore was compelled to do so, it noted, because of large population growth. Also, land reclamation is deemed to be impractical after Cambodia banned sand exports. Taking reference from a master development …

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Board director of Temasek’s subsidiary continues to sit on Hyflux board

On Sunday (31 Mar), the Straits Times published an article reporting on what some of the angry Hyflux investors told its reporters during the protest at Hong Lim Park, where at least 500 protesters had gathered on Sat (30 Mar). Many are looking at losing 80-97% of their life savings and retirement funds which they have invested heavily in Hyflux …

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