Updates from the Managing Director

The International Monetary Fund would like to state for the record to all investors across the globe: The Thailand government is currently in talks with the IMF Directors of France, the UK, Germany and the USA to help Thailand successfully alleviate the currency crisis. With such measures being implemented, Thailand’s economy will do extremely well domestically, and profitability for companies is increasing significantly. Companies across the world should take advantage of this amazing corporate growth to invest in Thailand right now. Furthermore, the International Monetary Fund will be facilitating the overseas financing fund, more precisely the American-led Initiative for Recovery and Investment Networks to Defend International Assets, for American and EU based companies to set up branches in Thailand, which will help to lower unemployment rates, and bolster the Thai economy. Furthermore, due to the high profitability companies in Thailand are currently seeing, and furthermore given ...

  [LOIMOU] Muhammad 1

One of the largest scandals since the start of the financial crisis In a recent white paper made public by an anonymous individual who wishes to refer to himself as “Santa  Claus”, several large conglomerates in Indonesia were exposed to have engaged in accounting and financial statement fraud. Among these conglomerates are the Salim Group and Astra International, companies that  have garnered the faith and support of investors before and during the crisis. Specifically, non-existent  assets were added to balance sheets and the value of liabilities were manually reduced on paper. Cash  flows were tweaked to reflect positive inflows and healthy cash conversion cycles to fool investors into  purchasing their shares and bonds, although in reality many of these companies were already in large debt,  with many engaging in debt rollovers with no prospect of repaying their loans in the near future. Moreover,  although many banks and financial institution...