Total global syndicated loan volume was down 16% in 2012. Asia-Pacific loans fared comparatively well and fell only 3%, mainly due to a buoyant Japanese market.
As the minimum public offering (MPO) rule goes into effect on December 31, 25 companies may face tax penalties and eventual delisting from the Philippines Stock Exchange (PSE).
Troubles in shipping has caused the 78-year-old Japanese liner, Sanko Steamship Company’s chartering business model to collapse as it declared bankruptcy this month.