• Sichuan Development Holding seeks $300 mln in Islamic financing

    A unit of Sichuan Development Holding Co (SDH) plans to raise $300 million via Islamic financing in the first quarter of next year, and plans a subsequent $1 billion Islamic bonds (sukuk) programme, according to the firm advising on the deal. The proposed transaction would be a first for a Chinese state-owned company and adds to a growing pipeline of sharia compliant deals by mainland firms seeking to diversify their funding sources. The three-year financing would be raised by the leasing arm of SDH, an investment arm of the Sichuan provincial government, said Bobby Tay, an advisor for Singapore-based Silk Routes Financials.

  • Belgian man charged with son's murder remanded in Singapore
    Belgian man charged with son's murder remanded in Singapore

    A Belgian financial executive accused of murdering his five-year-old son in Singapore was on Wednesday detained for another week to allow police to complete a pre-trial investigation, his lawyer said.

  • Suspected match-fixer Dan Tan released from Singapore jail

    SINGAPORE (AP) — A Singaporean man detained for more than two years under suspicion of being the mastermind behind a global soccer match-fixing syndicate was ordered to be released Wednesday by the country's highest court, which ruled he was being held unlawfully.