Former Citiraya CEO hit with fresh charges spanning corruption, money laundering

Former Citiraya CEO hit with fresh charges spanning corruption, money laundering

[ad_1] New allegations shed more light on one of Singapore’s largest embezzlement scandals [SINGAPORE] Singaporean tycoon Ng Teck Lee, the former CEO of electronic waste-recycling company Citiraya Industries, was handed additional charges in court on Wednesday (May 20) over an embezzlement scandal dating back to the early 2000s. The 38 fresh charges span corruption, criminal…

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Indonesian markets rebound ahead of Prabowo’s parliament speech

Indonesian markets rebound ahead of Prabowo’s parliament speech

[ad_1] Published Wed, May 20, 2026 · 01:01 PM [JAKARTA] Indonesia’s currency and stocks rebounded on Wednesday (May 20) in volatile trade, erasing earlier losses ahead of a key budget speech by President Prabowo Subianto. The benchmark Jakarta Composite Index rose as much as 1.4 per cent, reversing a similar decline to outperform Asian peers.…

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Indonesian stocks fall on tightened commodity export controls

Indonesian markets rebound ahead of Prabowo’s parliament speech

[ad_1] Published Wed, May 20, 2026 · 01:01 PM — Updated Wed, May 20, 2026 · 02:18 PM [JAKARTA] Indonesian stocks fell during choppy trading on Wednesday (May 20) after President Prabowo Subianto’s plan to tighten oversight of commodity exports fuelled concern about greater state control and weaker profitability in a key industry. The benchmark…

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Samsung faces risk of chip disruption after labour talks collapse

Samsung faces risk of chip disruption after labour talks collapse

[ad_1] Published Wed, May 20, 2026 · 11:45 AM [SEOUL] Talks between Samsung Electronics and its largest labour union broke down, with the union telling local media it will go ahead with a work stoppage as planned, which looks set to disrupt operations at the world’s largest memory chipmaker. Days of stop-and-start negotiations failed to…

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