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Alpha Energy's ex-MD fined $137k for insider trading

November 18, 2025

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The Straits Times

The Monetary Authority of Singapore (MAS) and the Singapore Police Force have imposed a civil penalty of $137,000 on Eugene Ang Yew Jin for insider trading of Alpha Energy Holdings' shares, they said in a joint statement on Nov 17.

The former group managing director admitted to contravening the insider trading provision under section 218(2)(a) of the Securities and Futures Act.

Ang has also paid MAS the civil penalty without court action.

On Nov 18, 2019, the group said that a creditor had declared the entire principal sum of US$64 million (S$83 million) owed by Alpha Energy as immediately due and payable, following the company’s default in the partial repayment of a loan.

المزيد من القصص من The Straits Times

The Straits Times

The Straits Times

Football • Appoint Gavin Lee as national coach with proper support

I refer to the article “The Big Question: Qualification secured, should Gavin Lee be the next permanent Lions coach?” (Nov 19).

time to read

1 min

November 21, 2025

The Straits Times

Analysts welcome SGX-Nasdaq dual-listing bridge, other new moves

They say initiatives will help sustain positive momentum in equities market

time to read

5 mins

November 21, 2025

The Straits Times

The Straits Times

Rajaratnam bio wins $30,000 award

An authorised biography of pioneer leader S. Rajaratnam by former Tampines MP Irene Ng has won the second edition of the Dr Alan H.J. Chan Spirit Of Singapore Book Prize.

time to read

2 mins

November 21, 2025

The Straits Times

The Straits Times

Trump’s defence of Saudi crown prince shows US human rights shift

US leader has praised prominent autocratic rulers and taken a transactional approach

time to read

4 mins

November 21, 2025

The Straits Times

The Straits Times

Actress Julie Tan, influencer Douglas Tan call it quits

Local actress Julie Tan and influencer Douglas Tan have called it quits after slightly more than a year of dating.

time to read

1 min

November 21, 2025

The Straits Times

General manager of NEA’s Tuas plant fined $145k over deadly 2021 blast

The general manager of the Tuas Incineration Plant (TIP) has been fined $145,000 after a 2021 explosion led to the deaths of two employees.

time to read

4 mins

November 21, 2025

The Straits Times

The Straits Times

Rise of a new Trump-friendly Middle East

The Saudi crown prince's visit to Washington caps a major transformation in America's relationship with the region.

time to read

7 mins

November 21, 2025

The Straits Times

The Straits Times

New IMDA initiative to help 500 enterprises adopt autonomous robots over next three years

They can get help from industry players that can offer tech expertise, assist with projects

time to read

3 mins

November 21, 2025

The Straits Times

The Straits Times

Allied health professionals to be trained to support patients holistically

Changes to courses from 2027 allow such healthcare workers to pivot into new roles

time to read

3 mins

November 21, 2025

The Straits Times

The Straits Times

Is S'pore ready for a fashion museum?

A brisk line-up of travelling fashion exhibitions - with the latest an archival Dior show - and a steady clip of fashion-centric shows staged by museums here are positive signs

time to read

8 mins

November 21, 2025

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