Sri Lanka returns substandard oil from PetroChina S’pore
PetroChina to Pay US$2.2 Billion for Singapore Refining Co. By John Duce - May 25, 2009 05:50 EDT (3 Oct) - Sri Lanka's state-owned fuel supplier Ceylon Petroleum Corp (Ceypetco) said it has returned 30,000 tonnes of gasoline supplied by the Singapore subsidiary of PetroChina due to substandard quality. According to the Ceypetco's...
Singapore becomes a destination for junk bonds
The allure of junk bonds * High-yield issuance hit record in 2013 * Southeast Asian companies bet on demand for high coupons * Private banking fuels search for returns (4 Oct) - Companies in Southeast Asia are looking at Singapore as a viable alternative for high-yield bond issues in amounts that would be too small for dollar...
Is corporate Singapore being too naive on fraud?
Peter Dazeley | Photographer's Choice RF | Getty Images (3 Oct) - Singaporean corporations are more naive in their approach to anti-fraud and corruption practices in comparison to the Asia-Pacific average, a survey from global accountancy firm Ernst & Young has found. According to the "Building a more ethical business...
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