Bank of China denies allegations of money laundering
(9 Jul) State-owned Bank of China (BOC) denied on Wednesday a TV report alleging some branches had helped clients launder money to take out of China, saying these branches were involved in a legitimate programme to move capital offshore. The report, aired by China Central Television (CCTV), was an undercover investigation...
Temasek’s past-year shopping list
Singapore state fund Temasek Holdings Pte. Ltd. released its performance review for the 2014 fiscal year on Tuesday. The firm has a lot of influence as one of Asia’s biggest investors. So, what did it get up to over the past year? Temasek says it made S$24 billion (about US$19.2 billion) of new investments and divested S$10...
Proof that Govt economic numbers highly manipulated
(25 Jun) - How in the world does the government expect us to trust the economic numbers that they give us anymore? For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case. But first, let's talk about the revised GDP number...
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