Four hotels fined $1.5m for anti-competitive behaviour
For almost five years, the Competition and Consumer Commission of Singapore (CCCS) investigated more than 30 hotels for allegedly exchanging commercially sensitive data regarding hotel room rates for corporate customers. This would have given these hotels an unfair...
Not desirable to move ministers after less than a year, but situation ‘can’t be helped’: PM Lee
SINGAPORE — It is not desirable to give Cabinet ministers short stints in their portfolios owing to the disruption it can cause, but such moves are sometimes necessary, Prime Minister Lee Hsien Loong said on Friday (April 23).
4 hotels fined S$1.5m for exchanging commercially sensitive data: Competition watchdogThe four hotels involved are Capri by Fraser Changi City Singapore, Village Hotel Changi, Village Hotel Katong and Crowne Plaza Changi Airport Hotel.
4 Singapore hotels fined more than $1.5m for violating competition lawsOwners and operators of 4 Singapore hotels have been issued an Infringement Decision and fined over $1.5 million for violating competition laws.
Singapore competition panel fines 4 hotels S$1.5m for exchanging commercially sensitive informationFOUR hotels have been fined S$1.5 million in total for exchanging commercially sensitive information related to corporate customers, the Competition and Consumer Commission of Singapore (CCCS) announced on Wednesday. Read more at The Business Times.
Intel to get state grant of around US$1 billion for Israel expansion - finance ministerIntel Corp will receive a grant of about a billion dollars from the Israeli government for its planned, record-setting investment to expand its ...
Intel to get US$1 billion state grant for US$11 billion Israel chip plant expansionIntel Corp will receive a grant of about a billion dollars from the Israeli government for its planned, record-setting investment to expand its ...
1MDB investigators probing Jho Low’s role in S$1.65b bond sale through Singapore, Thai firms
Jail for money mule who collected more than $1 million in criminal proceedsSINGAPORE - A money mule for an international crime syndicate, linked to a cheating case involving more than $5 million, came to Singapore twice in 2017 to collect over $1 million of the cash.. Read more at straitstimes.com.
Saudi Aramco plans to buy stake in South Korea's Hyundai Oilbank for US$1.6 billionSaudi Aramco plans to buy up to 19.9 per cent of South Korea's Hyundai Oilbank for 1.8 trillion won (US$1.61 billion) from Hyundai Heavy ...
Great Eastern to sell minority stake in Indonesia insurance firm for US$1.4mINSURER Great Eastern has entered into a share and purchase agreement to divest a minority stake in Indonesia insurance firm, QBE Indonesia, for some US$1.4 million. Read more at The Business Times.
Olam eyes US$1.6b from sale of rubber, sugar arms under new 6-year planSINGAPORE agri-business Olam International plans to sell off four business segments in the next six years to unlock some US$1.6 billion, according to a six-year strategic plan released by the company on Friday before the market opened. Read more at The Business Times.