Barely a week to the expected listing of a new Noble Group that will be born out of a massive debt revamp on the Singapore Exchange (SGX), Singapore authorities have stunned the market with news that they are finally probing the commodities group for potential breaches of securities rules and company law. The move - more than three years after the first reports of accounting irregularities surfaced at the Hong Kong-based company founded by Richard Elman - will likely throw a spanner in the works for the targeted listing on Nov 27, market watchers say. It also threw up questions over the timing of the probe, with the regulators explaining they found a basis to start investigations after recent disclosures by the group. On Tuesday, Singapore's white-collar crime buster, the Commercial Affairs Department (CAD) of the Singapore Police Force (SPF), together with the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA), said they were jointly … [Read more...] about Noble probe launched
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As Manila prepares for the visit of Chinese President Xi Jinping two weeks from now, Beijing steps up its control of the Spratly islands in the South China Sea, the latest of which is the announcement that they have started the operation of a marine observation center in the artificial islands that they have built in areas that the Philippines and four other countries claim. China’s Foreign Ministry Spokesman Lu Kang said in his November 1 press conference, “Recently, China has begun operating a maritime observation center, a meteorological observatory and a national environmental and air quality monitoring station on reefs of the Nansha Islands. These projects are designed to observe the maritime, hydrological, meteorological conditions and air qualities and provide such services as maritime warning and forecast, tsunami alert, weather forecast, air quality forecast and disaster prevention and relief.” Nansha islands is the Chinese name of the Spratly Islands, a … [Read more...] about News OPINION: China announces operation of weather station in Spratlys prior to Xi’s Manila visit
MANILA – Celebrate Father’s day this weekend as restaurants, hotels, and other establishments offer special deals and promos. These are not endorsed by ABS-CBN News. BGC Bonifacio Global City’s “Wheels, Tech, and Grills” will showcase cars, gadgets, and more this June 16 and 17. Bonifacio High Street will transform into a car haven featuring the newest and hottest lineup of automobiles from renowned makers like Bentley, Mercedes Benz, and Harley Davidson, as well as rare classics from global car brands. A huge collection of gadgets, from the latest PCs and laptops to virtual or augmented reality gears and cameras, as well as video games from Sony PlayStation and other gaming devices are also available. Accessories and fancy items from Urban Traveler, Gouache Bags, and Pacaro Leather offered in “Market Meet Up” are perfect for style-conscious fathers. Make sure to attend the free live concert at 7 p.m. at the … [Read more...] about News Father’s Day 2018: A weekend celebration for Dad
By David Olive Business Columnist Mon., June 11, 2018 A better use for a nascent investor alliance Canada is spearheading the launch of an alliance of global institutional investors that collectively manage more than $6 trillion. The goals of this as-yet unnamed group, tagged a “G-7 leadership initiative,” are to boost commitment to global progress on climate change, infrastructure and gender equality. Noble causes all, but none are within the sphere of competence of the admittedly powerful co-sponsors. They include investing giants Caisse de dépôt et placement du Québec, the Ontario Teachers’ Pension Plan Board (Teachers) and the California Public Employees’ Retirement System (Calpers). Calpers, once the gold standard for shareholder activism, has retreated to a sole focus on investment returns. It’s a fair guess that the dozen or so players in this group will fall short of achieving much of consequence in … [Read more...] about Investors wanting to make change need to commit to action
It is too bad that as we are about to commemorate the birth of Pancasila on June 1, we are embroiled in a debate over such a trivial issue as the salary for eminent persons entrusted to reinvigorate the state ideology. Not only does the controversy lack substance, it will distract us from the need to reflect on our commitment to the five principles that are supposed to characterize this nation. Of course, the spectacle of schoolchildren or adults struggling to memorize the five principles in front of President Joko “Jokowi” Widodo during his field trip does not necessarily suggest Pancasila is losing its relevance. It is simply a logical consequence of the end of mandatory Pancasila courses for all students and civil servants, which was no more than indoctrination, as participants had to memorize 36 (later on 45) points on daily attitudes and behavior that comply with Pancasila values both as individuals and community members. The real cause for concern is the creeping … [Read more...] about #WeArePancasila… really?