New Silkroutes Group Ltd, a Singapore investment holding company focused on healthcare and energy, announced on Friday (25 September) that it has received a notice dated Thursday, 24 September 2020 from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) requiring New Silkroutes to provide certain information and documents in relation to an investigation by the CAD into a possible offence under the Securities and Futures Act (Chapter 289) of Singapore.
“One of the Directors of the Company and certain senior management and former management are also assisting the CAD in the said investigation,” said Dr Goh Jin Hian, the Chief Executive and Executive Director of New Silkroutes.
New Silkroutes said it will be providing its full cooperation with CAD and MAS to assist the said investigation, and its operations have not been affected and will continue as usual.
In a separate SGX filing, Teho International Inc announced that Kelvyn Oo, an Independent Director at Teho, and former Executive director and Chief Corporate Officer at New Silkroutes will be assisting the CAD in the investigation.
Photo credit: Google Maps
Published: 28 September, 2020
Muhammad Ashraf Hamzah was sentenced to nine and a half years’ jail, while Sadagopan Premnath received a six years and eight-month imprisonment term.
Revenue growth substantially attributed to oil trading & bunkering services segment, due to the recovery of the maritime industry and global oil prices.
Offers practical advice to dispel some misunderstandings regarding the responsibility of suppliers.
Oil tanker numbered BT 98144TS was discovered by Command of the Coast Guard Region 3 to be behaving suspiciously at 2.30 pm on Thursday 2, April.
Japan's Maritime Self-Defense Force claim to have seen activity in East China Sea during early May.
Tanker arrested at 14.5 eastern nautical miles of Tanjung Penawar at about 7.15pm on 17 August after Captain failed to produce permission documents.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
