(16)Tourists taking a holiday in the Indonesian island of Bali are facing a new 14-dollar per person tax when they arrived on the holiday island from next year. But this is a green tax, which Bali governor Wayan Koster had been working on for months and which is designed to help clean...
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of the bank's loan provisioning policy. Louis Marie Buffet, CFA, sits on the board of directors of the commercial bank as a non-executive director, representing minority shareholders. He also chairs the bank's internal audit committee that determines the loan provisioning policy of the bank. Me...
(CEO)Richard Fuld's plan to keep the firm independent by selling part of its asset management unit and spinning offcommercial real estateassets. Hopes that the Korea Development Bank would take a stake in Lehman were dashed on Sept. 9, as the state-owned South Korean bank put talks on ...
10 were banks, including two of China's big four: Bank of China Ltd. and Industrial & Commercial Bank of ChinaLtd. The banks, which tend to score well in the financial and corporate-reputationcategories, didn't rank high in innovation and vision, with the exception of China MerchantsBank....
The critical feature of a central bank—distinguishing it from other banks—is itslegal monopolystatus, which gives it the privilege to issue banknotes and cash. Privatecommercial banksare only permitted to issue demand liabilities, such aschecking deposits. ...
Risks facing China's state-owned enterprises (SOEs) investing in the Belt and Road (B&R) region are generally controllable, a senior official said Monday. China's century-old bicyle brand to team up with Ofo China's 120-year-old bike manufacturer Phoenix is to supply bike-sharing startup ...
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