Latest news with #Yuen
The Star
13 hours ago
- Business
- The Star
RM1.7mil profit promise ends in loss
Too good to be true: Chan (left) showing the mobile app on his phone that was used to track his investments during a press conference held by Yuen (right). IPOH: Believing that his 'investments' in shares had earned him RM1.7mil, a factory owner ended up RM210,000 poorer instead. Just wanting to be known as Chan, the 47-year-old said he came across a social media advertisement about investing in shares and clicked on the post. He said the link led him to a WhatsApp chat channel where he started communicating with a woman who claimed to be named Linda. 'She offered me several company share schemes and I started one with RM10,000,' Chan said at a press conference held by Perak MCA public services and complaints bureau chief Charles Yuen here yesterday. Chan said he did an online search of the firms and found that they were listed as private limited companies. 'As I was required to pay more to access the company profile, I decided to just invest in it,' he added. Chan made about RM50,000 at the initial stage and decided to invest more. He said he was asked to download a mobile app called CDT Citi to keep track of his investments. 'The app provided simple explanations on how to invest, which made it even more convincing,' he said. In May, Chan was notified that his investments had returned a profit of RM1.7mil and that he could withdraw the money. 'To do so, I was required to pay commissions and some taxes. After paying about RM29,000, I was still unable to withdraw the money,' he said, adding that he lodged a police report on July 13. Chan finally realised he had been conned when he was instructed to pay more. 'I urge people to be careful and not trust any investment scheme on social media. If there are victims like me, I hope they will go to the police,' he added. Yuen said the police should investigate the companies first, which could provide more leads. 'I think it will be difficult to track down this so-called Linda. The police should check the companies to see if they are genuine or proxies used by scammers.'
Sydney Morning Herald
16-07-2025
- Sydney Morning Herald
Driver ‘destroyed dashcam footage' in moments after Burswood meet crash
A foreign student who was allegedly travelling at almost 100km/h in a 40km/h zone along Camfield Drive when he hit a 17-year-old girl, causing her to somersault twice in the air before hitting the bonnet of the car, has been released on bail. Chun Lai Yuen, 25, had to have proceedings translated through a Cantonese interpreter on Wednesday during his appearance at Perth Magistrate's Court where footage of the incident that took place in Burswood on Monday night was played to the court. The court heard Yuen was driving his Honda Civic sedan when he met with others at a car club event in Jandakot about 6.30pm that evening. Police said 371 vehicles were involved in the car meet that travelled from Jandakot, to Bunnings in Melville, before concluding at near Crown Perth. Yuen was allegedly observed driving dangerously at the Bunnings stop, before it's alleged that he travelled at 'excessive speeds without any regard [to] road users or pedestrians'. Loading The court heard that around 200 people lined Camfield Drive with spectators lining both sides and gathering in a car park. 'Despite the conditions, the accused drove his vehicle south along Camfield Drive at a grossly excessive speed, later calculated to be 96km/h,' prosecutors told the court. 'Which was well above the posted 40km/h limit.
The Age
16-07-2025
- The Age
Driver ‘destroyed dashcam footage' in moments after Burswood meet crash
A foreign student who was allegedly travelling at almost 100km/h in a 40km/h zone along Camfield Drive when he hit a 17-year-old girl, causing her to somersault twice in the air before hitting the bonnet of the car, has been released on bail. Chun Lai Yuen, 25, had to have proceedings translated through a Cantonese interpreter on Wednesday during his appearance at Perth Magistrate's Court where footage of the incident that took place in Burswood on Monday night was played to the court. The court heard Yuen was driving his Honda Civic sedan when he met with others at a car club event in Jandakot about 6.30pm that evening. Police said 371 vehicles were involved in the car meet that travelled from Jandakot, to Bunnings in Melville, before concluding at near Crown Perth. Yuen was allegedly observed driving dangerously at the Bunnings stop, before it's alleged that he travelled at 'excessive speeds without any regard [to] road users or pedestrians'. Loading The court heard that around 200 people lined Camfield Drive with spectators lining both sides and gathering in a car park. 'Despite the conditions, the accused drove his vehicle south along Camfield Drive at a grossly excessive speed, later calculated to be 96km/h,' prosecutors told the court. 'Which was well above the posted 40km/h limit.
HKFP
11-07-2025
- HKFP
Hong Kong police vow to pursue ex-singer Tommy Yuen after bail jump in theft case
Hong Kong police have vowed to pursue former Cantopop singer Tommy Yuen 'to the end' after he fled the city while facing theft charges. Police on Friday condemned the abscondment of Yuen, who confirmed in a Facebook post on Wednesday that he had left the city after he was arrested and charged with allegedly shoplifting around HK$140 worth of goods from a supermarket last month. According to local media, Yuen was expected to attend the first mention of his case at Kowloon City Magistrates' Courts on Wednesday. Magistrate Philip Chan issued an arrest warrant for Yuen after neither he nor his lawyer showed up at the hearing. In his post, Yuen said he 'didn't forget to go to court'; instead, he 'never intended to go in the first place.' In response to HKFP enquiries, a police spokesperson said on Friday that Yuen's social media post amounted to 'blatantly defying the law' and 'inciting hatred against the government.' 'The police strongly condemn Yuen's shameful act of absconding to evade justice and warn all criminals not to naively believe that fleeing Hong Kong allows them to escape legal consequences,' an email reply from the police read. The force added that fugitives such as Yuen would face a 'lifelong pursuit' unless they surrender themselves. Yuen – a former member of Cantopop group E-kids – was jailed for two years and two months in September 2023 for sedition, under the colonial-era Crimes Ordinance, and money laundering. He was accused of launching crowdfunding campaigns to raise money for 'A,' a woman he said had been charged with rioting. Prosecutors said he sold cookies online to raise HK$718,788, which he claimed would support the woman, who did not exist. He was also convicted of making seditious statements online, including about the death of a marine police officer while on duty in September 2021 and a national security magistrate who took leave due to illness. Yuen pleaded guilty to both offences.
Straits Times
30-06-2025
- Business
- Straits Times
Singtel CEO's pay rises over 16% in FY2025 to $8.2m on the back of increased profits
Singtel CEO Yuen Kuan Moon's remuneration consisted of $1.3 million in salary, $77,808 in benefits and a cash bonus of $2.2 million. PHOTOS: SINGTEL, ST FILE Singtel CEO's pay rises over 16% in FY2025 to $8.2m on the back of increased profits SINGAPORE - Singtel chief executive officer Yuen Kuan Moon received a total remuneration of $8.2 million for the 2025 financial year ended March 31, an increase of over 16 per cent from his pay of $7 million in the 2024 financial year. This was a result of the group's strong performance over FY2025, said the telco's annual report out on June 30. Singtel saw its net profit jump over 400 per cent to $4.02 billion, up from $795 million a year ago. This was boosted by a one-time exceptional gain of $1.3 billion from the partial divestment of the group's Comcentre headquarters. Singtel had partnered Lendlease to redevelop the property, a project that was first announced in 2022. Underlying net profit increased by 9 per cent to $2.47 billion, underpinned by growth in the group's businesses and regional associates. Singtel said it will pay a total ordinary dividend of 17 cents for FY2025, a 13 per cent increase over the 15 cents the year before. This marks a strong start to the Singtel28 plan, Singtel said. The plan is a strategic reset led by Mr Yuen in 2024, designed to lift business performance and capitalise on growth trends to deliver sustained value for shareholders. Mr Yuen's remuneration consisted of $1.3 million in salary, $77,808 in benefits and a cash bonus of $2.2 million. He also received a restricted share award of $2.2 million and performance share award of $2.4 million. Singtel said in the report: 'Mr Yuen has been instrumental in leading one of Singtel's most ambitious transformations to reposition the group for growth amid accelerated digitalisation and disruption in the telecommunications industry. 'The strategic reset he introduced at the start of his tenure has altered the fundamental make-up of the group – redefining it along the lines of connectivity, digital services and digital infrastructure.' Mr Yuen was appointed group CEO in 2021. He had run Singtel's consumer business in Singapore as CEO since 2012. Singtel added that under Mr Yuen, the consumer and enterprise businesses in Singapore and Australia were integrated. The digital services under NCS were also expanded and a new regional data centre business called Nxera was created. 'Under his watch, Singtel established 5G market leadership which serves to underpin the growth of the group's existing and new businesses across Singapore and the region,' it said. In a joint address in the report, Mr Yuen and chairman Lee Theng Kiat said that Singtel is embarking on a three-year value realisation share buyback programme of up to $2 billion until FY2028 to return excess capital to shareholders. They added that Singtel's priority is to maintain growth momentum across its businesses, amid global uncertainty. 'The volatility in US tariff policy has resulted in unusual financial market fluctuations and an unpredictable economic narrative,' they said. 'As we are in the services sector, tariff threats, as they now stand, have limited impact on our business, although the trade conflict could see slower economic growth and softer consumer and business sentiment.' They added that Singtel has to stay adaptable and know when to shift course as business sentiment softens. Singtel is also staying its course with its sustainability goals, despite pullback in other countries, such as US President Donald Trump withdrawing the US from the Paris climate deal in January. Mr Yuen and Mr Lee said: 'Although politics has cast a shadow over sustainability in some parts of the world, we remain committed to sustainability and advancing the climate change targets we have set ourselves.' Singtel has reduced its Scope 1 and 2 carbon emissions by 14 per cent in the past year. Scope 1 emissions refer to direct emissions incurred by a company, say, from its facilities or transport vehicles, while Scope 2 refers to indirect emissions such as the electricity or heating it buys from power-generation companies. The two Singtel chiefs said : 'We recognise that achieving our net-zero goal by 2045 requires collective action across the value chain and have been proactively collaborating with various organisations to keep moving the needle on this front.' To help track its scope 3 emissions, Singtel also worked with the Singapore Business Federation and other partners to develop Singapore's first Emissions Factors Registry. The registry provides a centralised platform for industry-specific emissions data, which will enable businesses to measure and report their carbon footprint with greater accuracy. Scope 3 emissions refer to indirect greenhouse gas emissions incurred by a company as part of its value chain, such as business travel by employees, the use of its sold products or the emissions from its purchased goods and services. Singtel also launched a responsible procurement policy, which means supporting trade association SGTech with its work in helping small and medium-sized enterprises with their carbon management and reporting. Singtel shares fell by 0.8 per cent to $3.81 as at 2.30pm on June 30, down from its previous close of $3.84. Sue-Ann Tan is a business correspondent at The Straits Times covering capital markets and sustainable finance. Join ST's Telegram channel and get the latest breaking news delivered to you.
