THE trustee of Straits Capitol Trust (SCT) has entered into a facility agreement with OCBC Bank and Standard Chartered Bank (Singapore) for a four-year £205 million (S$354.7 million) secured term loan, the Singapore Press Holdings (SPH) said in an exchange filing late on Monday night.
IT IS transparency, not disclosure alone, that defines proper fair dealing from financial institutions, said Monetary Authority of Singapore's (MAS) managing director Ravi Menon on Monday, as the regulator notes the "uneven" culture and conduct practices in the financial industry here.
