37 Years Anniversary Celebration
Today we are thrilled to celebrate a milestone for Paul Wan & Co. It’s been 37 years since 18th June 1986 when we embarked on this incredible journey, and we could not be prouder of what we have achieved together! This anniversary is not only a time to reflect on our accomplishments but also an…
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Paul Wan & Co
🌸 Happy Vesak Day! 🌸
May this sacred day bring you peace, happiness, and enlightenment. Let’s celebrate the birth, enlightenment, and passing away of Gautama Buddha together. May his teachings inspire us to be kind, compassionate, and mindful. Wishing you a blessed Vesak Day! 🙏
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Paul Wan & Co
Accounting for Cryptocurrencies
With rapid changes in technology and business environment, holdings of cryptocurrencies allow businesses and individuals to transact directly to each other without any intermediary such as banks or financial institutions. Accordingly, it appears practical issues on how to account for such assets given the fact that there is no accounting standard currently provide direct guidance,…
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Paul Wan & Co
Case Study: Thomas Cook plc, A lesson to be learned
The oldest Travel Agent 178 years collapsed and went into administration in the UK on 23rd September 2019. It was founded in 1841 in Leicestershire by Thomas Cook a cabinet-maker. Prior to the collapse, it’s revenue was £9bn, it had 19 million customers, 22,000 staff in 16 countries. What happened? Thomas Cook which is German-owned…
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Paul Wan, FCA
Singapore GDP Update – September 2019
On 13th August 2019, Singapore’s Ministry of Trade and Industry slashed it’s 2019 GDP forecast to zero to 1% -this is in contrast to the forecast of 1.5% to 2.5%. With the expected continued decline in the economy, Singapore is in a technical recession. In our earlier write up we predicted that the challenges are…
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