Foreland Fabrictech Holdings warns of loss of control
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 by a customer of Fulian…
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Wan Wei Han
Asia Economic Outlook: July 2018
As we moved into the third quarter of 2018 there is cheer in most countries’ GDP -many recording constant GDP and growth. China the 2nd largest economy in the world and the big brother of Asia recorded a 6.9% growth in 2017. The GDP translated to almost US$13trillion and is forecasted to grow to US$13.3…
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POSTED BY
Paul Wan, FCA
China Gradually opens Financial Sectors to Foreign Entities
Up to APRIL 2018, foreign entities cannot own a majority or control joint venture securities firms in China. The industry is considered by the government as one of the ‘protected sectors’. Over the last 2 years the Chinese government have been studying to open up the capital markets to foreign investors as part of its…
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Paul Wan, FCA
Failed Corporate Governance: Handmaiden of Financial Fraud
Financial reporting frauds (also called management frauds) have become endemic, with huge losses being inflicted upon shareholders, creditors and others. Some of the most infamous frauds of the past two decades – Enron, WorldCom, Satyam, Olympus, Toshiba, and Parmalat being a small sample – have implicated the same key concerns. These include: the deviant “dark…
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POSTED BY
Barry Jay Epstein, Ph.D., CPA
Singapore Budget Synopsis 2018
As our Singapore Finance Minister, Mr Heng Swee Keat, had just delivered the Singapore Budget 2018. Find out more on our firm’s Budget Synopsis. [pdf-embedder url=”http://3.223.95.242/wp-content/uploads/2018/02/Budget-2018.pdf” title=”Budget 2018″]
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