Garuda Indonesia to ‘fix and restate’ its financial statements and pay fines for accounting errors

Indonesian flag carrier Garuda will comply with requests from regulators to “fix and restate” its financial statements and pay fines for accounting errors, company executives said on Sunday. Garuda’s shares plunged 7.6 per cent on Friday to their lowest since January, after the Financial Services Authority (OJK) ordered Garuda to restate its 2018 financial results […]

Empower wins three global awards at Idea 2019, USA

Dubai: Emirates Central Cooling Systems Corporation (Empower) received three global awards at the 110th International District Energy Association (Idea) Annual Conference & Tradeshow 2019, which was held in Pittsburgh, USA, from June 24 to 27. Two are Idea gold awards, for the number of buildings committed and for the total building area committed. The third […]