Malaysian property tycoon Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he is not done yet. His IOI Properties Group is in exclusive talks and due diligence to purchase two property assets – Chijmes, a retail venue inside a former Catholic convent in its civic district, and the nearby Capitol Kempinski hotel, CEO Lee said in an interview. He declined to disclose how much a final agreement will value the two assets at, citing...

Singapore will “keep its options open” on taking legal action against errant companies as air quality in the city state significantly deteriorated this week due to choking haze stemming from Indonesian wildfires. The government is collecting data on the haze as it weighs possible action under its Transboundary Haze Pollution Act, Sustainability and Environment Minister Grace Fu told local media on Wednesday evening. The law, enacted in 2014, targets those responsible for causing or condoning...