Who is the CEO of NOL?
Ng Yat Chung (Oct 2011–)Neptune Orient Lines / CEONg Yat Chung is a Singaporean former lieutenant-general who served as Chief of Defence Force between 2003 and 2007. Wikipedia
What happened to Yat Chung?
Ng Yat Chung (pictured) has stepped down from his role as CEO of the Singapore Press Holdings (SPH), along with the current directors of SPH. Replacing Ng as CEO is Gerald Yong. Yong was formerly with CapitaLand for close to five years, most recently helming the role of CEO, special projects.
Who is the current CEO of SPH?
Ng Yat Chung (Jul 1, 2017–)Singapore Press Holdings Limited / CEONg Yat Chung is a Singaporean former lieutenant-general who served as Chief of Defence Force between 2003 and 2007. Wikipedia
Who said umbrage?
Beginning in the early 17th century, umbrage was also used to mean “a shadowy suggestion or semblance of something,” as when William Shakespeare, in Hamlet, wrote, “His semblable is his mirror, and who else would trace him, his umbrage, nothing more.” In the same century, umbrage took on the pejorative senses “a shadow …
Why did Singapore sell Nol?
In 1998, during the Asian economic crisis, NOL saw losses mount to US$460 million, while its debt was more than US$4 billion. The company sold off assets to clear the debt and by 1999 was profitable again.
Who is Anthony Tan SPH?
Tan currently oversees SPH’s media business which includes familiar names such as The Straits Times, The New Paper, Berita Harian, Tamil Murasu, Lianhe Zaobao, as well as SPH Magazines and the SPH Radio network.
Who sold NOL?
Neptune Orient Lines
| Type | Subsidiary |
|---|---|
| Founded | 30 December 1968 |
| Founder | Muhammad Jalaluddin Sayeed |
| Defunct | 1 October 2020 |
| Fate | Acquired by CMA CGM |
Will SPH be delisted?
SINGAPORE – After 38 years on the Singapore Exchange, Singapore Press Holdings (SPH) was officially delisted on Friday (May 13) to become wholly owned by investment vehicle Cuscaden Peak.
Is SPH owned by Temasek?
On 1 February 2021, SPHL’s events subsidiary Sphere Exhibits merged with Temasek’s SingEx Holdings.
What is the synonym of umbrage?
Some common synonyms of umbrage are dudgeon, huff, offense, pique, and resentment. While all these words mean “an emotional response to or an emotional state resulting from a slight or indignity,” umbrage may suggest hurt pride, resentment, or suspicion of another’s motives.
What does it mean to take Umbridge?
If you say that a person takes umbrage, you mean that they are upset or offended by something that someone says or does to them, often without much reason. [formal] He takes umbrage against anyone who criticizes him. Synonyms: take offence, be hurt, be angry, be offended More Synonyms of take umbrage.
What happened to NOL Singapore?
It was founded in 1968 as Singapore’s national shipping line, but was later sold as a subsidiary to French shipping company CMA CGM in 2016. On 1 October 2020, NOL was restructured into a regional hub and was renamed to CMA CGM Asia Pacific Limited.
Who buys NOL?
SINGAPORE — Temasek Holdings has agreed to sell its entire 67 per cent stake in Neptune Orient Lines (NOL) to France’s CMA CGM, the world’s third-largest container shipper, which today (Dec 7) announced a S$3.4 billion offer to buy the iconic Singapore shipping firm to expand its presence on trans-Pacific routes.
Why did Temasek sell NOL?
Its chief executive Ng Yat Chung, who took his position in 2011 after leaving Temasek as senior managing director, told The Straits Times that NOL was unable to cut costs fast enough and without the kind of scale needed to compete on costs, selling the company was the best option.
Will SPH be Privatised?
An Extraordinary General Meeting held by Singapore Press Holdings (SPH), which concluded with shareholders approving the privatisation of the company. According to a press release from the group, included in the approval is the proposed acquisition by Cuscaden Peak Pte. Ltd.
Who owns the Straits Times?
SPH Media Trust
The Straits Times is an English-language daily broadsheet newspaper based in Singapore and currently owned by SPH Media Trust (previously Singapore Press Holdings). The Sunday Times is its Sunday edition. The newspaper was established on 15 July 1845 as The Straits Times and Singapore Journal of Commerce.
What is the full meaning of vehemently?
in a strongly emotional or zealous manner
adverb. in a strongly emotional or zealous manner; ardently: Critics vehemently oppose the continued surveillance of citizens’ electronic devices without court oversight.
What is a bridle?
Definition of bridle
(Entry 1 of 2) 1 : the headgear with which a horse is governed and which carries a bit (see bit entry 1 sense 2a) and reins. 2 : a length of line or cable attached to two parts of something (such as a ship) to spread the force of a pull especially : rigging on a kite for attaching line.
What is the meaning of the idiom a dime a dozen?
to be common and/or of very little value: Books like this are a dime a dozen.
Why did Singapore sell NOL?
What happen to NOL?
On 1 October 2020, NOL was restructured into a regional hub and was renamed to CMA CGM Asia Pacific Limited.
…
Neptune Orient Lines.
| Type | Subsidiary |
|---|---|
| Founder | Muhammad Jalaluddin Sayeed |
| Defunct | 1 October 2020 |
| Fate | Acquired by CMA CGM |
How do NOLS work?
For income tax purposes, a net operating loss (NOL) is the result when a company’s allowable deductions exceed its taxable income within a tax period. The NOL can generally be used to offset a company’s tax payments in other tax periods through an IRS tax provision called a loss carryforward.
Why did Keppel buy SPH?
The company’s proposed acquisition of SPH is a “rare opportunity to acquire synergistic platform aligned to Vision 2030”, according to Keppel Corp, adding that it is earnings accretive on a pro forma basis.
Will SPH get delisted?
FOLLOWING the acquisition by investment vehicle Cuscaden Peak Singapore Press Holdings is set to delist from the Singapore Exchange (SGX) on May 13.
What is the main newspaper in Singapore?
The Straits Times