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Hin Leong
Hin Leong Trading is a commodity trading corporation registered and headquartered in Singapore that was founded in 1963 by Lim Oon Kuin. One of Singapore's largest independent oil traders, Hin Leong filed for bankruptcy protection in April 2020. Operations In December 2010, Hin Leong announced plans to build Singapore's fourth oil refinery. In 2014, the company announced plans to file for an initial public offering (IPO) but cancelled those plans by the end of the same year. Bankruptcy When the outbreak of SARS-CoV-2 in Wuhan, China was first announced, Lim believed that the Chinese government would effectively contain it and therefore made the "quintessential Hin Leong play" of betting that oil prices would rise as a result of a recovering demand for oil. However, as the coronavirus crisis worsened into a pandemic and amidst plunging crude oil prices, the company faced pressure to make partial loan repayments amounting to billions of dollars; despite selling off oil pledged as coll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Trading
A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management. A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with central counterparty clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market. Derivatives such as futures contracts, Swaps (1970s-), Exchange-traded Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OCBC Bank
Oversea-Chinese Banking Corporation, Limited (), often known as OCBC Bank (), is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 — the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919). OCBC Bank has assets of more than S$521.3 billion, making it the second largest bank in Southeast Asia by assets and among the larger banks in Asia-Pacific. It is also one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- rating from Standard & Poor's. OCBC Bank is consistently ranked amongst the top five "safest banks in the world" by the magazine ''Global Finance''. The Asian Banker named OCBC Bank Singapore's strongest bank for 2018-2019, and the 5th strongest in Asia-Pacific. The b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singaporean Companies Established In 1963
Singaporeans, or the Singaporean people, refers to citizens or people who identify with the sovereign island city-state of Singapore. Singapore is a multi-ethnic, multi-cultural and multi-lingual country. Singaporeans of Chinese, Malay, Indian and Eurasian descent have made up the vast majority of the population since the 19th century. The Singaporean diaspora is also far-reaching worldwide. In 1819, the port of Singapore was established by Sir Stamford Raffles, who opened it to free trade and free immigration on the island's south coast. Many immigrants from the region settled in Singapore. By 1827, the population of the island was composed of people from various ethnic groups. Singapore is a multilingual and multicultural society home to people of groups of many different ethnic, religious and national origins, with the majority of the population made up of Chinese, Malay, Indian and Eurasian descent. The Singaporean identity was fostered as a way for the different ethnic g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Traders
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaion'') ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1963 Establishments In Singapore
Events January * January 1 – Bogle–Chandler case: Commonwealth Scientific and Industrial Research Organisation scientist Dr. Gilbert Bogle and Mrs. Margaret Chandler are found dead (presumed poisoned), in bushland near the Lane Cove River, Sydney, Australia. * January 2 – Vietnam War – Battle of Ap Bac: The Viet Cong win their first major victory. * January 9 – A total penumbral lunar eclipse is visible in the Americas, Europe, Africa, and Asia, and is the 56th lunar eclipse of Lunar Saros 114. Gamma has a value of −1.01282. It occurs on the night between Wednesday, January 9 and Thursday, January 10, 1963. * January 13 – 1963 Togolese coup d'état: A military coup in Togo results in the installation of coup leader Emmanuel Bodjollé as president. * January 17 – A last quarter moon occurs between the penumbral lunar eclipse and the annular solar eclipse, only 12 hours, 29 minutes after apogee. * January 19 – Soviet spy Gheorg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maritime And Port Authority Of Singapore
The Maritime and Port Authority of Singapore (MPA) is a statutory board under the Ministry of Transport of the Government of Singapore. History The Maritime and Port Authority of Singapore (MPA) was established on 2 February 1996 by the MPA Act of 1996 through the merger of the Marine Department (which was under the then Ministry of Communications), National Maritime Board and the Regulatory departments of the former Port of Singapore Authority (PSA). PSA was subsequently corporatised on 1 October 1997 and became known as PSA Corporation. In 2004, to further streamline all maritime-related functions, the industry promotion function for shipping was transferred from IE Singapore to MPA. Role As Port Authority, MPA regulates and manages port and marine services, facilities and activities within the Singapore waters. This includes vessel traffic and navigational safety and security, through regulation on operational efficiency and on the environment. As Developer and Promote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enterprise Singapore
Enterprise Singapore (ESG) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It was formed on 1 April 2018 to support Singapore small and medium enterprise (SMEs) development, upgrade capabilities, innovate, transform, and internationalise. It also supports the growth of Singapore as a trading and startup hub, and continues to be the national standards and accreditation body. History Enterprise Singapore was formed through the merger of International Enterprise Singapore (IE) and SPRING Singapore. It is an integration of IE Singapore and SPRING Singapore’s functions. SPRING Singapore was responsible for helping startups and SMEs in financing, capability and management development, technology and innovation. It was the national body for standards and accreditation, responsible for helping companies achieve international standards and conformity requirements. International Enterprise Singapore promoted international trade and helpe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority Of Singapore
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. History The MAS was founded in 1971 to oversee various monetary functions associated with banking and finance. Before its establishment, monetary functions were performed by government departments and agencies. The acronym for its name resembles ''mas'', the word for 'gold' in Malay, Singapore's national language – although the acronym is pronounced with each of its initial alphabets. As Singapore progressed, an increasingly complex banking and monetary environment required more dynamic and coherent monetary administration. Therefore, in 1970, the Parliament of Singapore passed the Monetary Authority of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Channel News Asia
CNA (stylised as cna), which is an acronym derived from its previous name, Channel NewsAsia, is a Singaporean multinational news channel owned by the country's national public broadcaster Mediacorp. It broadcasts free-to-air domestically in Singapore and as a pay television channel internationally to 29 territories across the Asia-Pacific. The channel's logo is a stylised red letter A with folding patterns. The network has been positioned as an alternative to Western-based international media in its presentation of news from "an Asian perspective". It is run by Mediacorp News Pte Ltd, a subsidiary of the Singapore's media conglomerate Mediacorp Pte Ltd. Alongside its main focus as an English-language news television channel, CNA also broadcasts and produces news and current affairs content in Singapore's other official languages: Chinese, Malay and Tamil. Content is produced for Mediacorp's online platforms, with news bulletins made for and shown on the company's mass ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore Police Force
The Singapore Police Force (SPF) is the national and principal law enforcement agency responsible for the prevention of crime and law enforcement in the Republic of Singapore. It is the country's lead agency against organised crime; human, weapon trafficking; cyber crime; as well as economic crime that goes across domestic and international borders, but can be tasked to investigate any crime under the purview of the Ministry of Home Affairs (MHA) and is accountable to the Parliament of Singapore. SPF's main geographical area of responsibilities covers the entire country, consisting of five regions which are further divided into 55 planning areas. The organisation has various staff departments with specific focuses. These include the Airport Police Division (APD), which covers policing of Singapore's main civilian airports of Changi and Seletar, or the Police Coast Guard (PCG), which protects and enforces areas under Singapore's territorial waters and its ports. Formerly k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court Of Singapore
The High Court of Singapore is the lower division of the Supreme Court of Singapore, the upper division being the Court of Appeal. It consists of the chief justice and the judges of the High Court. Judicial Commissioners are often appointed to assist with the Court's caseload. There are two specialist commercial courts, the Admiralty Court and the Intellectual Property Court, and a number of judges are designated to hear arbitration-related matters. In 2015, the Singapore International Commercial Court was established as part of the Supreme Court of Singapore, and is a division of the High Court. The other divisions of the high court are the General Division, the Appellate Division, and the Family Division. The seat of the High Court is the Supreme Court Building. The High Court exercises both original jurisdiction and appellate jurisdiction in civil and criminal matters. By possessing original jurisdiction, the Court is able to hear cases at first instance – it can deal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DBS Bank
DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the "Big Three" banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB). Listed on the Singapore Exchange, the bank was set up by the Government of Singapore on 16 July 1968 to take over the industrial financing activities from the Economic Development Board. Today, its more than 150 branches can be found throughout the country. DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling about US$501 billion ( S$650 billion) as of 31 December 2019. It also holds market-dominant positions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
