HONG KONG: Country Garden, China’s largest private property developer, delayed the publication of its 2023 financial results on Thursday (Mar 28) saying it needed to collect more information to make appropriate accounting estimates and judgements. “Due to the continuous volatility of the industry, the operating environment the group is confronting…

DEFERRED PROSECUTION  Authorities also said in its press release on Thursday that the public prosecutor is in discussions with Seatrium on a deferred prosecution agreement (DPA) about the alleged corruption offences in Brazil.  A DPA is a settlement where the prosecution agrees to defer criminal charges against a corporate offender in exchange for the corporation’s agreement to comply with various conditions. These can include an admission of wrongdoing, payment of financial penalties and implementation of corporate…

Singapore

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Business

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SINGAPORE: China’s yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. Several signals have stirred that speculation. While the yuan has declined roughly 2 per cent this year against…

Lifestyle

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