APP feels heat from British Virgin Islands

Article Abstract:

Three Indonesian subsidiaries of Asia Pulp and Paper Co. are suing five companies in the British Virgin Islands for about $1 billion. However, the struggling company's creditors may investigate its relationships with the firms, since they all share the same address and all appear to have gone out of business.

PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, British Virgin Islands, Cases, Paper industry, Asia Pulp and Paper Company Ltd.

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Accountant's murder in Asia puts expatriates on the alert; victim had been in Thailand working on various corporate restructuring assignments

Article Abstract:

Fifty-eight-year-old Australian accountant and corporate restructuring specialist Michael Wansley was shot dead on Mar 10, 1999 near a sugar mill in Thailand that he was helping reorganize. Police have arrested two suspects and believe that the killing was part of a conspiracy to cover up illegal financial transactions at the mill. The murder underscores the dangers faced by expatriates in Asia and is expected to prompt expatriates to obtain professional advice on security issues.

United States, Cane Sugar Refining, Invert Cane Sugar, Officials and employees, Crimes against, Refined sugar, Accountants, Crime, Sugar industry

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Central banks get crash course: Singapore program draws finance lessons from Asian economic crisis

Article Abstract:

Asia's central banks are embarking on training programs designed for meeting financial crises such as the one that hit the region in 1997. The programs include techniques on data gathering, workshops on devaluation, seminars on repurchase agreements, monetary policies and mechanisms of exchange-rates. In particular, Singapore, Thailand, Korea and Indonesia have taken the lead in training their central bankers. For example, Singapore has teamed up with the International Monetary Fund to offer one- and two-week courses for central bankers on varied issues such as money-market operations.

South Korea, Asia, Management development, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Thailand, Federal Reserve Banks, Monetary Authorities - Central Bank, Banking Regulation NEC, Economic policy, Training, Central banks, Banking law, Bankers

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