Saturday, 14 March 2009

High Loan Growth Alone Can’t Revive Economy

Such easy lending cannot be sustained, particularly if enterprises are not ready to absorb it with a pipeline of viable projects.

The Future of Hedge Funds

Hedge funds took a beating last year, in their books but also in the press where they were lambasted for their opaque business practices.

Friday, 13 March 2009

Madoff pleads guilty to all charges


Day of reckoning: Madoff (centre) being escorted by federal agents into Federal Court in Manhattan yesterday

Raffles Education needs to tighten checks on investments

The accounting scandal at Oriental Century Ltd has undoubtedly struck a blow at Raffles Education, which owns a 29.9 per cent stake in the China-based education provider.

Lenders demand Beauty China to pay up

Beauty China has been slapped with a statutory demand from its syndicated lenders to repay the entire principal and interest outstanding on a loan of HK$134 million (S$26.54 million).

Accounting scandal rocks another S-chip


Oriental Century CEO ‘cooked books’; biggest shareholder Raffles Education awaits inquiry result

Better-armed MAS to go after errant FIs


Regulator proposes wider powers to rap culprits, help investors get compensation

Motorcycle Producers Feeling the Crunch

Even government subsidies may be unable to rescue motorcycle makers in the face of falling exports, Indian rivals and urban trends.

How to Save the Export Sector

Trade expert Song Hong provides his vision of how China can bolster its ailing export sector.

How Large Is the Stimulus Really?

The central government is relying on banks to fund much of its stimulus package, making it hard to tell where all the money is going.

Hong Kong Exchange Scraps Closing Auction Following HSBC Trades

Hong Kong’s stock exchange scrapped its end-of-day trading processes following a 24 percent tumble in HSBC Holdings Plc’s shares earlier this week.

Local Govt Bond Issues a ‘Special Arrangement’

Local governments will be authorized to issue bonds, but the central government will exert control over the funding process.

Squawking at ‘Iron Rooster’ Fund Managers

Open-end fund managers who refuse to pay dividends are under pressure from unhappy investors, lawyers and regulators.

Thursday, 12 March 2009

SARS hero demands apology for detention

A military surgeon who blew the whistle on China’s Sars cover-up in 2003 and asked the Communist Party to reassess its 1989 crackdown on Tiananmen protesters has asked the government to apologise for detaining him.

Bungled auction renews debate over dubious lots

The Christie’s sale of two disputed Qing dynasty bronzes has renewed a debate in art circles on the moral and legal issues of auction houses selling controversial items, including those that some nations regard as loot.

Is Beijing playing a no-win game?

The leadership is waiting for the Dalai Lama to die - a risky strategy

Refusal to pay for bronzes has a price

Art dealer may have to close his auction firm

Tuesday surge sparks talk of market bottom

Some money managers think it’s time to raise their allocation to stocks

China shocks with 26% export plunge

But capital spending picks up in response to massive stimulus

Alarm bells as SGX says it will probe leaks

Recent fund-raisings come under the spotlight as info may have been leaked