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Showing posts with the label financial

Singapore makes it easier for Chinese companies with dodgy corporate governance to list in SGX

Bloomberg, 21 Sep 2014 Singapore Exchange Ltd. (SGX) is forecasting an end to a two-year hiatus for Chinese listings after regulators made it easier for companies from Asia�s biggest economy to sell shares in the city-state. After a flurry of Chinese companies known as the S-chips listed in Singapore in 2007, IPOs dried up as debt defaults and accounting scandals saw stocks from FerroChina Ltd.
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MAS steps up scrutiny of some Indian bank branches in Singapore as bribery scandal over bad loans rocks India's banking system

Reuters UK, 13 Sep 2014 Singapore regulators have stepped up their scrutiny of some local branches of Indian banks on concerns about asset quality, three bank executives told Reuters. India's slowest economic growth in a decade and a weakened rupee have weighed on the balance sheets of heavily leveraged Indian companies, including those that have raised money from Indian lenders in offshore
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Singapore companies have reached dangerous debt level, says research firm

Cityindex.co.uk, 4 Jun 2014 Singapore companies have a level of indebtedness that has reached new highs as the country's economic growth slows, according to GMT Research. Debt rose to six times the amount of operating cash flow in 2013 for non-financial Singaporean companies, from 5.1 times in 2012, the Hong Kong-based research firm revealed. Leverage among corporates has now reached a "danger
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MAS bans Great Eastern Life financial/insurance adviser after forgery conviction

IFA.com.au, 28 May 2014 The Monetary Authority of Singapore (MAS) has issued prohibition orders against a financial and insurance adviser operating in the city state after he was convicted on charges of forgery. According to a statement from the MAS, the regulatory body has issued �prohibition orders against Teo Choon How (Terence) from carrying on business as an insurance intermediary and
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