A little less secret

Article Abstract:

Coopers and Lybrand AISC conducted an independednt audit on the state-owned Vietnam Bank for Agriculture & Rural Development and this was the first to be carried out on a state-owned bank because such matters are usually very secretive. Bad debt provision is being introduced to cover debts of 257 billion dong, but there is a lack of adequate recording policies. The profits of 42 billion dong which were reported in 1995 are also disputed by Coopers and Lybrand, who had problems even getting access to many of the necessary documentation.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Accounting and auditing, Vietnam, Coopers & Lybrand Ltd., Vietnam Bank for Agriculture & Rural Development

---

Waiting for the action

Article Abstract:

Indonesia's Jakarta Stock Exchange still fails to live up to its promise but most of its troubles stem from local lack of interest leading to low liquidity. A 16-month-long bear market and historically high interest rates discourage would-be Indonesian investors, as does the high entry cost for investing, roughly half of per-capita annual income. Several straightforward reforms could improve this problem. Institutional investing remains low, but is poised to take off. Telkom's listing in 1995 is expected to be huge.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Forecasts and trends, Exchanges, Institutional investments, Jakarta Stock Exchange Inc.

---

Eliminating a scourge

Article Abstract:

Indonesia's banking sector increasingly suffers from bad loans despite central-bank efforts to control their proliferation. Loans for buying and developing property dominate, and constitute the sole profit center for many banks. The latter have doubled in the five years ending 1994 to 243 with 6000 branches, making central control of the sector more difficult. They want to maintain the 1994 loan-growth rate of 27%, but bad loans rose from 3.88% of total loan value in Sept 1994 to 3.97% in Jan 1995.

Commercial loans, Bad debts

Similar abstracts:

• Abstracts: Big is best. Feeling the pain. Food for thought
• Abstracts: Paul Soldatos: Investcorp. Baring Brothers gets a boost. Singer and Friedlander's client list takes off
• Abstracts: Total Access shares receive high ratings from most analysts. Analysts pluck bargains out of Thai finance sector
• Abstracts: Towards sustainable design. Jobs rise fails to cheer architects. Recruitment on the increase
• Abstracts: A question of confidence; investors seek more transparency to boost the economy. A matter of confidence

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.