Mark Lee takes over Singapore Business Federation for 2026-2028
What's new: Lee replaces Teo Siong Seng after Teo stepped aside when US prosecutors accused him in a container price-fixing case.
Subject
#Teo Siong Seng
US firms filed 2 suits over alleged shipping-container price cartel
What's new: The cases seek treble damages after prosecutors alleged the companies controlled about 95% of dry-container output.