Search Results for: Singapore

MEXICO’S new president Enrique Peña Nieto, who came to office in December 2012, promised a less militaristic fight against the country’s increasingly violent drug trade, so his government’s implementation of a new anti-money laundering (AML) law will be watched closely.

Past president Felipe Calderón launched a severe military-led crackdown against the country’s drug cartels towards the end of 2006, around 80,000 people have since been killed in drug-related violence since.…

PETRONAS, Malaysia’s state-owned oil and gas (O&G) company, plans to increase the country’s O&G production and resource addition at a compound annual growth rate (CAGR) of 3.5% over the five years 2013 through 2017.

This target follows Petronas’ announcement in January 2013 of plans to spend MYR186 billion (USD56.7 billion) on the country’s O&G sector over the next five years, and to increase significantly its production activities for both hydrocarbons.…

IS IT possible to divine ‘golden rules’ that increase the likelihood of freezing order relief being granted and lessen the risk of scoring an own-goal when potential costs are compared with what may be recovered?

Fraud Intelligence asked Thomas K Sprange, a partner and Solicitor Advocate in the London office of international law firm King & Spalding and a member of the firm’s International Arbitration Group.…

By Heather Tan, in Singapore The wealthy city state of Singapore seems to have glided through the global financial crisis, but the country only narrowly avoided recession and this slowdown has affected its important accounting sector. GDP growth in Singapore grew in 2012 was projected to be 1.2%, down from 4.9% the previous year. Lee Kin Wai, assistant professor of accounting at Singapore’s Nanyang Technological University business school explained to Accounting & Business magazine that economic uncertainty makes companies reluctant to share as much data as they might in more stable times.

 

And this can make Singaporean accountants lives particularly difficult, especially in a country not known for robust transparency.

Lee said economic uncertainty creates “significant challenges” for firms regarding their ability and willingness to disclose information about “future-oriented assumptions” and undermines the reliability of commercial projections made in annual results.…

BANGLADESH’S fast growing economy is developing a robust and booming personal care product market. Mosaddeq Hossain, owner of a general store at the Shagoria Bazaar in Hatiya sub-district, neat Chittagong, recalls 10 years ago, there was almost no demand for his stocks of Sunsilk shampoo.…

FRANCE and Japan have two of the world’s most powerful personal care product sectors, but their companies fare quite differently when trying to sell into each other’s markets. The glamour of the French industry is a strong calling card in Japan, while Japanese manufacturers must work harder to persuade French consumers to buy their wares because of their technical excellence.…

JAPAN’S paint and coatings industry has enjoyed steady growth over the last couple of years, with demand growing both at home and abroad, although some of the biggest names in the industry here remain concerned about the longer-term outlook for the sector.…

reform of its financial markets may take another giant leap forward this summer with the expected reintroduction of bond futures after a 17 year hiatus. The launch of a new bond futures market in Shanghai may be good news for many seeking alternatives to the country’s heavy reliance on bank financing even as local banks this summer faced an unprecedented liquidity squeeze amid a government crackdown on unofficial lending.…

IN signing up to the Organisation for Economic Cooperation & Development’s (OECD) multilateral agreement on tax information transparency, Singapore has moved to address a major paradox that applies to its banking, business and financial operations.

Singapore scores exceptionally highly in global anti-corruption indexes – in 2012 it was ranked fifth by Transparency International out of 176 nations, behind only Denmark, Finland, New Zealand and Finland, for its lack of perceived corruption.…

THE CAPACITY of Moscow airports will increase nearly threefold during the
next three to four years under a Russian Rubles RUB600 billion (USD18.7 billion) plan unveiled by the Russian ministry of transport at a June 15 meeting of the State Council, which advises President Vladimir Putin.…