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SET takes stake in digital investment platform ADDX

The Stock Exchange of Thailand (SET) has invested in ADDX, a Singapore-based digital securities service exchange platform, aiming to expand opportunities for the Thai capital market and glean expertise to support long-term development of the domestic digital asset market.

Temasek Defends Green Goals After Backing Singapore Polluters

Singapore CEO, 28, spends $38 million in a week on 2 luxury homes

Ian Ang: Singapore CEO, 28, Spends $38 Million In A Week On 2 Luxury Homes

Ian Ang lodged a caveat this week for a S$15 million five-bedroom penthouse. Highlights He exercised an option last week to purchase a S$36 million bungalow He also lodged a caveat this week for a S$15 million 5-bedroom penthouse The 28-year-old co-founder of Secretlab, a Singapore-based maker of ergonomic chairs for gamers, shelled out S$51 million ($38 million) in just a week on two luxury properties in the city-state. Ian Ang, who's chief executive of the firm, exercised an option last week to purchase a S$36 million bungalow in the exclusive Caldecott Hill area from Dymon Asia Capital Pte. founding partner Danny Yong, according to the Straits Times newspaper. Both Ang and Yong declined to comment to the newspaper.

At 28, Singapore CEO Spends $38 Million in a Week on Posh Homes

Creditors green light Pacific International Lines' restructuring

Creditors green light Pacific International Lines’ restructuring February 5, 2021, by Jasmina Ovcina Pacific International Lines has filed an application to the Singapore High Court to seek approval for the company’s proposed restructuring plan. Under the plan, Singapore’s container shipping major is vying for fresh financing from Heliconia Capital Management Pte, an investment firm owned by Temasek Holdings, and a re-profiling of the company’s debts by way of a scheme of arrangement. The application comes on the back of the approval of the scheme by the requisite majorities of each class of Scheme Creditors on February 1, 2021. The company started looking for investors having been faced with considerable financial strain due to the impact of the COVID-19 and market volatility including high bunker prices and oversupply of capacity.