Gain Elimination Plan Causes Three Promoters To Gain Convictions
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Two tax attorneys and a life insurance agent have been convicted by a jury
of conspiring to commit tax fraud through a fraudulent scheme they called
the Ga...
50 minutes ago
I liked OCBC prudent approach to front load the NPL and reduce exposure to O&G Offshore support.
ReplyDeleteOCBC's Q2 net profit fell by a larger-than-expected 40 per cent after it took S$350 million in provisions to write down the carrying value of the existing offshore support vessels (OSVs) that back corresponding impaired loans - a move that has crunched down its exposure to the offshore support sector. Consequently, the bank's OSV portfolio, excluding conglomerates, is now down to less than 0.3 paer cent of total outstanding loans
https://www.businesstimes.com.sg/companies-markets/ocbc-takes-knife-to-offshore-support-sector-exposure-q2-profit-down-40
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