MFS, an US$800 million electronics company, is being considered for sale by DCP Capital

According to persons familiar with the situation, DCP Capital is considering selling its controlling position in MFS Technology (S) Pte Ltd, a Singapore-based flexible printed circuit manufacturer.

According to the persons who asked not to be identified because they were discussing a pr...

PANASONIC CORP. EXPECTS NET PROFIT TO INCREASE BY $1.9 BILLION

Highlights –

• Panasonic Corp. expects net profit to increase by $1.9 billion.
• In fiscal 2021, the company sales are forecasted to increase 4.5 percent to 7 trillion yen.
• The automotive segment is expected to turn an operating profit of...

Former director of the firm was charged with cheating five banks to offer his business credit facilities

SINGAPORE: On Friday (Dec 20) a 60-year-old former director of the firm was charged with cheating five banks to offer his business credit facilities.

So Seow Tiong, who was a director at the SPE Technology (Singapore) electronics company, duped the banks with a sum of over S$10 million....