Teo Siong Seng, a shipping executive and chairman of the Singapore Business Federation (SBF), issues a first public statement following the unsealing of a US indictment against him on May 19. In the statement, he says he does not intend to seek re-election as SBF chairman when his term ends on 24 June.
Teo also expands his leave of absence to cover additional roles. After previously taking leave from the Singapore listed shipping company Pacific International Lines (PIL), he now states that his leave extends to positions at the National University of Singapore (NUS) as well, including roles he holds there. Channel NewsAsia and The Straits Times both report that the expanded leave is directly linked to the period following the US indictment.
Both outlets describe Teo’s remarks as addressing governance and leadership continuity across his public and institutional engagements, while he remains under scrutiny after the indictment becomes public. No outlet in the provided excerpts details the substance of the US charges or any responses beyond Teo’s decision regarding re-election and his expanded leave.
