No further provisions were made in 2Q08 for its ABS CDO exposure, ie only 90% provided for compared to 100% for both UOB and OCBC.
Established in 1992, Man Wah is a home furnishing group, primarily engaged in the design, manufacture and sale of a broad range of mid to high-end motion sofas under its well-known “Cheers” brand.
Just two months after it launched a $1b preference share offering, OCBC Bank is launching another issue of 10m preference shares to raise up to $1.5b.
President Ji’s sudden stepping down from his position came as a shock to analysts and investors. A dinner was hastily organized by the management of COSCO to clarify the intentions of the switch and introduce the new President Jiang Li Jun to analysts.
It has been a year since the credit crisis first reared its ugly head. Despite aggressive moves by the US Federal Reserve in the past year to ease the flow of credit into the economy, the situation seems to have gotten from bad to worse.
There were talks that China stocks, especially those related to the Beijing Olympics, would get a boost from the quadrangle event, but talks remained talks as the opposite occurred.
Its uniform microfibre leather will be Fibrechem Technologies’ (FT) new growth driver with revenue CAGR of 23% from FY07 to FY10F.
Singapore’s first exchange traded fund (ETF) was listed in the year 2002. Since then, 18 others have found their way onto the local bourse.
Local telcos have run up their expenses prior to MNP, responding with a slew of campaigns to defend their customer base.
The Singapore bourse displayed more weakness, as it has fallen to levels not seen since the Freddie-Fannie crisis.
