Saturday, 4 April 2009
SGX urges investors to be vigilant
More auditors raising red flags about listed firms in midst of crisis
China looking stronger after G-20 summit
China came away from Thursday’s G-20 meeting looking ‘pretty good,’ said experts.
G-20 deal ‘a turning point’ but not all convinced
Obama and Soros hail plan but others say actions fall ‘critically short’ in key areas
Fear of being left out replaces fear of loss
Investors appear to have missed the absurd logic behind the view that once credit starts to flow again all will be well
Eight high-tech exam cheats jailed
Chinese parents and teachers in elaborate scams convicted of stealing state secrets
At G20, China finds way to raise stature in world finance
But in that scant time, China had a chance to showcase its growing importance in the world economy. China said it would contribute 40 billion U.S. dollars to the International Monetary Fund’s (IMF) increased financing capacity. That’s only a small portion of the total, but it could take China’s IMF voting rights from to 3.997 percent from 3.807 percent.
Cultural celebrations walk thin line between myth and greed
“Public ceremonies should be organised by the public and the costs covered voluntarily by participants, not by government funds,” Mr. Ge said. “Otherwise, it will damage the interests of those who don’t want to take part.”
An ex-hacker’s thoughts on the Dalai Lama and democracy
“In our world, democracy is something that powerful nations impose on the weak. Equality, law and democracy do not exist between them. Does the US deal with Yugoslavia and Iraq in a democratic way?
The dollar trap
China’s call for a magic solution to its excess US-dollar assets suggests it isn’t ready for new global realities.
And that failure to face up to new realities is the main reason that, despite glimmers of good news - the G20 summit achieved more than I thought it would - this crisis probably still has years to run.
And that failure to face up to new realities is the main reason that, despite glimmers of good news - the G20 summit achieved more than I thought it would - this crisis probably still has years to run.
Keeping companies up to standard
The findings of the recently released GTI show that many firms still have much work to do.
Focus on ethics for a more honourable corporate world
The recent spate of corporate and accounting scandals here has thrown up widespread debate over what more can be done to rein in companies and those who run them.
Financial reporting should go beyond minimum: CPA
Go beyond the financial reporting rulebook and give shareholders the extra information they find useful, urged Chaly Mah, president of CPA Australia’s Singapore division.
Auditors going the extra mile, says Deloitte chief
Recent cases of corporate fraud have triggered the age-old question about the role of auditors and whether the scope of their work includes the onerous responsibility of detecting and deterring fraud.
Low rankings for troubled S-chips
Troubled Chinese companies have found themselves among the lowest ranked in the Governance & Transparency Index (GTI) released yesterday.
No opinion on Guangzhao accounts, say auditors
The auditors of Guangzhao Industrial Forest Biotechnology Group have steered clear of expressing an opinion on the group’s 2008 financial statements, citing a host of material uncertainties which could cast serious doubts on its going-concern status.
China Vies to Be World’s Leader in Electric Cars
Chinese leaders have adopted a plan aimed at turning the country into one of the leading producers of hybrid and all-electric vehicles within three years, and making it the world leader in electric cars and buses after that.
Banks Face Big Losses From Bets on Chinese Realty
Back in the good old days - early 2007 - bankers from Merrill Lynch, Deutsche Bank and other financial giants placed their bets on a 48-year-old property tycoon who was supposed to be China’s next billionaire.
They lent his company $400 million, encouraged him to acquire large tracts of land and in early 2008 promoted a proposed $2.1 billion public stock offering by the company, the Evergrande Real Estate Group, in Hong Kong.
They lent his company $400 million, encouraged him to acquire large tracts of land and in early 2008 promoted a proposed $2.1 billion public stock offering by the company, the Evergrande Real Estate Group, in Hong Kong.
Friday, 3 April 2009
Court quashes en bloc sale of Horizon Towers
Landmark ruling also redefines roles of sales committees, Strata Titles Board
Subscribe to:
Posts (Atom)