MAS seeks feedback on corporate governance regulations for banks, insurers

MAS seeks feedback on corporate governance regulations for banks, insurers

[SINGAPORE] The Monetary Authority of Singapore (MAS) is seeking feedback on proposed changes to regulations covering corporate governance for banks, insurers and their designated financial holding companies. This is part of its regular review to keep governance standards current and effective. The proposed changes include increasing the minimum board size and requiring prior approval for…

Read More

Electricity tariff for Singapore households to fall by 10.4% in Q4 2026

Electricity tariff for S’pore households to fall by 10.4% in 4th quarter of 2026

The overall tariff before GST, including that for non-households, will fall by an average of 10.6% [SINGAPORE] Households in Singapore will see a 10.4 per cent decrease in the electricity tariff from October to December due to lower energy costs. The household electricity tariff will be at 28.59 cents per kilowatt hour (kWh), down from 31.91 cents per kWh in the…

Read More

‘Final Payment’, ‘Congo Boy’ Win Top Awards At Pingyao International Film Festival

‘Final Payment’, ‘Congo Boy’ Win Top Awards At Pingyao International Film Festival

Chinese director Niu Niu’s Final Payment scooped the Best Film Award in the Fei Mu Awards of this year’s Pingyao International Film Festival (PYIFF), while Rafiki Fariala’s Congo Boy won Best Film in the festival’s Roberto Rossellini Awards. Final Payment, which also won Best Actor for Niu Jianrong’s performance, revolves around a homeowner clashing with…

Read More

UMS shares up 7.2% after Malaysia placement proposal

UMS shares up 7.2% after Malaysia placement proposal

[SINGAPORE] Shares of UMS Integration rose to a one-month high on Wednesday (Sep 30) as investors reacted favourably to the company’s plans for a Malaysia-only placement to fund new projects in Malaysia, Singapore and Vietnam. The counter rose as much as 7.2 per cent in early trade on Wednesday, gaining S$0.18 to hit S$2.82. The…

Read More