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Between 2006 and 2012, 67 finance companies collapsed in New Zealand, wiping out more than $3 billion in savings from as many as 200,000 people. Indeed, TMC members speaking did not openly deny close ties with chit fund firms, or even allegations that there exists a symbiotic relationship in which the companies are allowed to thrive in return for the government reaching out to the masses through the media these firms control.

I have bought the following companies from the market this month – Amara, AV Jennings, Best World, Bonvests, Boustead, Broadway, Bund Center, CapitaLand, Chuan Hup, DBS, Far East Orchard, GP Batteries, Hong Fok, Hwa Hong, iFAST, IPC Corp, Isetan, Keppel Corp, Koh Brothers, Lion AsiaPac, Lum Chang, Matex, Metal Component, Pollux, Stamford Land, Straits Trading, Teck Wah, TIH, TSH, UIC, UPP and Yeo Hiap Seng.Finance Companies

In recent years, the Reserve Bank of Fiji had been reinstating direct controls to contain credit (e.g. increases/reductions in Statutory Reserve Deposits and controls on interest spreads/margins), after earlier making a move to use more market based instruments.Finance Companies

This step sounds easy but we find that companies are often so concerned about getting too narrow in their focus that they fail to become really clear about what they want to do. A company with a good business strategy will have thought through these issues and made the hard decisions necessary to clarify its identity.

I have bought the following companies from the market this month – Bukit Sembawang Estates, BBR, CapitaLand, Chuan Hup, Hong Fok, iFAST, Kencana, Keppel Corp, Koh Brothers, LTC Corp, Mandarin Oriental, Overseas Education, Pan Hong, S i2i, Sing Holdings, SembCorp Industries, S’pore Shipping, UOL, Wing Tai and Yeo Hiap Seng.Finance Companies