In 2017, Singapore was identified as the world's second-largest trader of shark fins after Hong Kong. Between 2012 and 2013, Singapore exported $40 million worth of shark fins and imported $51.4 million worth of fins. In February, 89 Singapore-based establishments committed to phasing out shark fin in 2018. These include brands such as Crystal Jade, Pan Pacific Hotels, AccorHotels and Foodpanda, whose policy applies across its 3,800 partner restaurants
The Board of Trustees of Insular Life approved several appointments to its top management post and in the membership of the Board of Trustees, effective January 1, 2018. Nina D. Aguas (Global FWN100™ '13) was appointed Executive Chairman of the Board of Trustees. She was Chief Executive Officer from January 2016 to December 2017. Succeeding Aguas as CEO is Mona Lisa B. de la Cruz (Global FWN100™ '16), formerly President and Chief Operating Officer.