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Corporate News

It’s the integrity that counts

Since the change in government on May 9,2018, the chief executives of 18 companies under Ministry of Finance Inc (MoF Inc) have been replaced with new candidates. Among the better known MoF-owned entities that saw changes are Khazanah Nasional Bhd, the Employees Provident Fund (EPF) and Kumpulan Wang Amanah Pencen (KWAPSince the change in government on May 9,2018, the chief executives of 18 companies under Ministry of Finance Inc (MoF Inc) have been replaced with new candidates. Among the better known MoF-owned entities that saw changes are Khazanah Nasional Bhd, the Employees Provident Fund (EPF) and Kumpulan Wang Amanah Pencen (KWAP

Business

How China can create its own Goldman Sachs

AN age-old question has reared its head again: Why can’t China create a globally competitive investment bank in the mold of Goldman Sachs Group Inc or Morgan Stanley?

Business

China conglomerate's debt woes worsen after missing bond payment

SHANGHAI: Chinese state-linked conglomerate Citic Guoan Group Co. missed a bond payment for the first time as a flurry of asset seizures stymied its liquidity.

Business

China trader Tewoo to sell copper at below market rates

SINGAPORE: One of China’s top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter.

Business

CLSA's CEO quits as strategy differences with parent CITIC emerge

HONG KONG: The chief executive of brokerage CLSA has resigned with more management change likely amid differences over strategy with Chinese parent CITIC Securities Co Ltd (CITIC), people with direct knowledge of the matter said.