A third senior U.S. Navy officer has been arrested in a widening bribery investigation and overbilling probe involving a Singapore company.
Entries in Singapore (33)
Victor Dahdaleh, the London-based billionaire and former agent for Alcoa, went on trial Tuesday for making ‘corrupt payments’ of more than $65 million to the ex-chairman and chief executive of a Bahrain state-owned aluminum smelter.
The International Finance Corporation and the World Bank released their new Doing Business Index this week. It's the 11th annual report measuring business regulations for local firms -- how easy or hard it is to do business in the countries surveyed. It focuses on small and medium-size companies operating in the largest business city of an economy.
Country: United States
Company Involved: Glenn Defense Marine Asia Ltd
The U.S. government has barred Singapore-based Glenn Defence Marine Asia Ltd. (GDMA) from new contracts following a Navy bribery scandal that named Glenn and its chief executive, Leonard Glenn Francis.
Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.
Myanmar's opposition leader Aung San Suu Kyi spent the past four days in Singapore, meeting leaders, visiting schools, and putting some distance between herself and the city-state's model of economic success.
What accounts for Indonesia's rash of big corruption cases? One explanation is that modern election campaigns are costing more than candidates or parties can afford. So they're tapping big and often illegal contributions from local and foreign businesses.
Thick gray smoke has again settled over Singapore and parts of Malaysia, blown in from illegal land-clearing fires in Indonesia's Riau province.