Bizview: Today's top business news

Three directors ousted at KLW Holdings' EGM

Three directors at Catalist-listed doormaker KLW Holdings have been removed from their positions at an extraordinary general meeting (EGM) on Monday morning (Oct 12). Shareholders voted to replace company founder and managing director Lee Boon Teck and independent directors Teo Hin Guan and Low Hai Lee.

OKP awarded $12.7m JTC contract

Mainboard-listed infrastructure and civil engineering company OKP Holdings announced on Monday (Oct 12) that its wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, has won a contract worth $12.7 million from JTC Corporation.

IFS Capital names Eugene Tan its new CEO and executive director

Mainbard-listed financial services firm IFS Capital has a new CEO. It announced on Monday (Oct 12) that Mr Eugene Tan Hai Leng has been appointed the new group chief executive officer and executive director with effect from Monday (Oct 12).

SGX reviewing companies' compliance with corporate governance code

The Singapore Exchange (SGX) is carrying out a review of how locally-listed companies are abiding by the "comply or explain" requirement in the Singapore Code of Corporate Governance (CG Code).

Noble shares climb to 1-month high as supply cuts spur commodity surge

Shares of Singapore-listed Noble Group tracked raw material prices higher, extending the biggest advance in more than 9 weeks, amid speculation commodities have bottomed.

Glencore to sell copper mines in Chile, Australia to curb debt

Glencore is in talks to sell two mid- sized copper mines in Australia and Chile after approaches from buyers, adding to a US$10 billion (S$13.98 billion) debt-cutting plan announced last month.

Malaysia August industrial output rises 3%, below expectations

Malaysia's August industrial production rose 3.0 per cent from a year ago, buoyed by higher manufacturing and mining output, but was below market expectations, data from the Statistics Department showed on Monday (Oct 12).

China stocks jump after central bank says correction 'almost over', HK extends rebound

China shares jumped over 3 per cent on Monday (Oc 12) to their highest level in seven weeks after the central bank took fresh steps to inject liquidity into the struggling economy and said the stock market's correction "is almost over".

Ex-Rabobank traders face first US trial over Libor manipulation

Two former Rabobank traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought to manipulate the interest rate known as Libor.