Iran: Seizure of ships a “western wrongdoing”
The Managing Director of The Islamic Republic of Iran's Shipping Lines Mohammad Hossein Dajmar, has called the seizure of three of its ships in Singapore a "western wrongdoing". His remarks came following reports that three Iranian ships dubbed "Sahand", "Sabalan" and "Tochal" were seized in Singapore. "The measure was not...
Reform Party has a new chairman
The Reform Party has a new chairman after the resignation of Edmund Ng, one of its founding members. In a statement on Friday, the party named Tan Tee Seng as its new chairman. This is the third change in chairmanship for the party since veteran opposition politician Ng Teck Siong resigned in April 2009. He had taken over the...
DBS Accused of Misrepresenting Lehman-Related Product in Singapore Lawsuit
DBS Bank Ltd., a unit of Southeast Asia’s biggest lender, was sued by a client claiming fraudulent and negligent misrepresentations that a $1.5 million Lehman Brothers Holdings Inc.-related investment was “sound.” Former DBS banker Desmond Lim Hong Nian had said principal invested in the structured product was safe, according...
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