(July 15): Corruption has enormous economic and social costs and consequences. A low level of corruption is the most certain way to generate sustainable long-term economic growth for the benefit of the people. Corruption exacts a transaction cost on economic activities, a cost of doing business tha...

SEMBCORP Marine said that it has lodged a report with the Commercial Affairs Department of the Singapore Police Force, after revealing last week that its yard in the south-eastern state of Brazil was raided and the facility's former president was involved in a corruption probe.

SINGAPORE (July 8): Sembcorp Marine (SembMarine) has lodged a suspicious transaction report linked to ex-employee Martin Cheah Kok Choon with the Commercial Affairs Department of the Singapore Police Force. The suspicious transaction is linked to Cheah when he was president of SembMarine’s Brazil...

SEMBCORP Marine said that it has lodged a report with the Commercial Affairs Department of the Singapore Police Force, after revealing last week that its yard in the south-eastern state of Brazil was raided and the facility's former president was involved in a corruption probe.

SINGAPORE (July 8): Singapore’s formerly thriving offshore oil and gas sector has received yet another rude jolt: The fallout from the multi-year bribery-for-contracts scandal in Brazil is not over. In a pre-market announcement on July 3, Sembcorp Marine said the Brazilian federal police had cond...

SINGAPORE'S rig builder Sembcorp Marine has yet to put the fallout from Brazil's mammoth corruption scandal behind it as renewed fears over potential fines sent the stock skidding after the company revealed that its yard in the southeastern state of Brazil was raided and the facility's forme...

NEWS that Brazilian authorities executed a search warrant for Sembcorp Marine's (SembMarine) Brazilian subsidiary Brazilon Estaleiro Jurong Aracruz (EJA) were followed by a selloff in the offshore and marine (O&M) firm during Wednesday's early session.

SINGAPORE: Rig builder Sembcorp Marine said on Wednesday (Jul 3) that authorities had executed a search warrant on its shipyard in Brazil as part of an ongoing graft investigation, sending its shares sharply lower. Sembcorp Marine said the search was in relation to investigations against former ...

SEMBCORP Marine (SembMarine) shares faced a selloff in early morning trade following an earlier announcement that Brazilian authorities had executed a search warrant on Estaleiro Jurong Aracruz (EJA), its subsidiary in Brazil.

SEMBCORP Marine (SembMarine) on Wednesday said it has cooperated fully with the Brazilian Federal Police after a search warrant was executed on Estaleiro Jurong Aracruz (EJA), its subsidiary in Brazil.