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Asia

Singapore Economic Outlook: Mar 2019

By |2019-08-20T23:38:38+08:00April 30th, 2019|Asia|

Singapore's GDP Grew by 1.3 in the First Quarter of 2019 compared to 1.9 % growth in the fourth quarter of last year-  The decline was not unexpected given the GDP 2018 was 3.2% versus GDP 2017 of 3.7%. China, Malaysia, EU, USA,HK and Taiwan were the main trading partners. The overall trend will continue to [...]

Universal SGQR code rolled out in Singapore

By |2019-08-20T23:38:39+08:00September 21st, 2018|Asia, News, Private Business, Technology|

A universal QR code was launched on Monday (Sept 17) to free merchants from the need to display multiple QR codes to accept different cashless payment schemes. Dubbed SGQR, the national QR code allows consumers to scan and transfer funds from as many as 27 e-payment apps, including GrabPay, Dash and [...]

Noble Group’s Top Creditors Seek to Draw Line Under Crisis

By |2019-08-20T23:38:39+08:00September 20th, 2018|Asia, Corporate Advisory, Corporate Finance, Merger and Acquisitions, News|

Noble Group Ltd. plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the creation of a new company that senior creditors signaled will hold to the highest standards of corporate governance after a drawn-out crisis. The schemes, which buttress the $3.5 billion [...]

Singapore Land Frenzy Slows After Property Curbs

By |2019-08-20T23:38:39+08:00September 17th, 2018|Asia, Corporate Advisory, Corporate Assistance, Family Business, General, Private Business|

The bidding frenzy for Singapore land has slowed to a trickle, going by the results of the first auctions since property curbs were tightened. Just three bids were submitted for the Jalan Jurong Kechil site in the island’s northwest, compared to 24 received in April last year for the nearby [...]

China’s ‘Silk Road’ project runs into debt jam

By |2019-08-20T23:38:39+08:00September 6th, 2018|Asia, Corporate Finance, Financial Advisory, International, News|

CHINA'S massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the "new Silk Road" envisions the construction of railways, roads [...]

4 years worth of Audited Financial Reports no Longer valid

By |2019-08-20T23:38:39+08:00September 4th, 2018|Asia, Audit and Assurance|

Midas, a Chinese railway parts maker which has a primary listing on the mainboard of the Singapore Exchange and a secondary listing in Hong Kong, is being investigated in Singapore and China for fraud. Founded in 2000 by Patrick Chew, a Singaporean businessman with a rags-to-riches story, and a Chinese [...]

Independent directors to face 9-year limit – SGX

By |2019-08-20T23:38:39+08:00August 30th, 2018|Asia, Business Support, Corporate Assistance, Initial Public Offering, News|

SINGAPORE-LISTED companies will have to justify the independence of long-serving independent directors - if suggested rule changes put forth by the Corporate Governance Council on Tuesday go into force within the second half of this year. To encourage firms to refresh and introduce more diversity into their boardrooms, the Council [...]

Singapore health system hit by ‘serious breach of data’

By |2019-08-20T23:38:39+08:00July 25th, 2018|Asia, Cyber Security|

A total of 1.5 million SingHealth patients’ non-medical personal data were stolen, while 160,000 of those had their dispensed medicines’ records taken too, according to MCI and MOH. This latest incident draws similarity to the NHS hacking incident which occurred in the UK in 2017, during the WannaCry incident. SINGAPORE: [...]

Foreland Fabrictech Holdings warns of loss of control

By |2019-08-20T23:38:39+08:00July 24th, 2018|Asia|

In the latest example of corporate mismanagement and corporate governance, FORELAND Fabrictech Holdings may have lost control over its wholly owned subsidiary, Fulian Knitting Co, in China, it warned on Wednesday (Originally Reported May 9 2018). The saga originally began with a customer claim that was originally filed in 2013 [...]