Showing posts from December, 2011

Funds Expect Surge of Bad Loans in China

Foreign and domestic distressed debt funds expect a big supply of bad loans to come on to the market in China after at least five years in which banks largely sat on their portfolios of troubled loans.

SGX ready to act on FibreChem findings

The Singapore Exchange (SGX) stands ready to take action against any breach of its listing rules after investigations into FibreChem Technologies pointed to potential breaches.

Damning report on FibreChem after probe

Independent investigators have issued a damning report on FibreChem Technologies for making several accounting misstatements in its financial results over several years.

Firms bracing for a haircut

Mainland-listed companies have endured a tough time this year, with 70pc running paper losses and analysts predicting much worse ahead

Hot money flow goes into sudden reverse

Fears of hard landing by mainland’s economy see risk-averse investors decide to pull out their capital

Financial discrepancies at FibreChem uncovered

Three years of investigations have uncovered several financial and accounting irregularities at FibreChem Technologies, including an unauthorised share transfer and HK$777 million (about S$130 million) in missing cash.

Internal controls failed to catch Asiasons breach

Asiasons WFG Financial said that internal controls failed to catch a breach of its stockbroking arm’s operating licence, its non-executive deputy chairman Ng Teck Wah said yesterday.

Asiasons unit loses operating licence

A unit of Asiasons WFG Financial - formerly known as Westcomb Financial - has lost its operating licence after failing to comply with certain financial benchmarks set by the Monetary Authority of Singapore (MAS).

Asiasons unit's CMS licence lapses

Securities dealing subsidiary fails to meet certain financial ratio requirements; may be subject to MAS sanctions

Arrest shows zeal to curb insider trading

Regulator’s new boss giving markets clear message of zero tolerance for dealing scams and other illegal activities after criticism in the past, analysts say

Are S-chips still a possible play?

The lure of China remains, but bear in mind these are largely risky punts

2012 may be the year for Asian equities

As rising inflation eats away at cash balances and bond yields remain low, you may be wondering where to put your money next year.

Lawyers for China Sky demand apology

Asia Ascent and its MD poised to sue senior SGX executive, alleging he ‘falsely and maliciously’ defamed them

SGX refuses China Sky’s request to lift suspension

One ID says he did not approve statements relating to SGX’s reprimand

China Sky hits out again at SGX

In a dramatic show of defiance, China Sky Chemical Fibre has come out swinging in a strongly worded defence against a Singapore Exchange (SGX) reprimand over its failure to get a special auditor.

Noble may strike it rich with sale of Gloucester

Noble Group’s Australia-listed coal mining subsidiary Gloucester Coal could be sold to China’s Yanzhou Coal Mining for US$2 billion (S$2.6 billion) or more and create Australia’s biggest independent coal miner.

New MAS rules to protect investors in the spotlight

Under new investor-protection rules that take effect Jan 1, investors must possess certain educational qualifications related to finance or have relevant work or trading experience to buy funds directly.

Mainland fund boom runs out of road

Many of country’s 3,500 private equity funds could be wiped out in squeeze on domestic market and growing economic uncertainty, say observers

SGX chides China Sky for ignoring directive

Singapore Exchange (SGX) yesterday rapped China Sky Fibre Chemical and its directors for ignoring SGX’s directive to appoint a special auditor.

Where are we now?


HSI to hit 25,000 in 2012 on looser credit, CCB says

Beijing will relax monetary policy more, helping to boost market suffering from global uncertainty and drop in Japanese manufacturers’ confidence

Planned CDP revamp raises many questions

According to a recent news report, the Singapore Exchange (SGX) is looking at allowing stockbrokers access to clients' Central Depository (CDP) accounts so that dealers and remisiers can see just what stocks their customers have at any one time.

Goldman sits out mainland I.P.O. market

First Wall Street firm to get a mainland underwriting licence shuns lucrative listing market in favour of getting higher fees from taking Chinese firms abroad

Big revamp of SGX’s Central Depository system under way

SGX to allow stock broking firms access to clients’ accounts

Dr. Mahathir backs Mokhtar’s Proton bid

Syed Mokhtar Al-Bukhary, Malaysia’s second-youngest billionaire, received former Prime Minister Mahathir Mohamad’s endorsement to acquire a controlling stake in carmaker Proton Holdings Bhd.

Dr Mahathir moves the needle on Proton share price

Former Malaysian prime minister reveals plans for 42.7% stake sale to DRB-Hicom

Yangzijiang to form 2 offshore engineering ventures

Shipbuilder could have new yard in Shanghai by 2012, analyst says

Commodities may rally on cheap money

Central banks seen to boost money supply, cut rates