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Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements. For further investor and media information, contact: Many U.S. banks have broken out above 2018 resistance in reaction to rising interest rates. Instant View: India's March inflation accelerates on higher food, transportation costs Further, core inflation too accelerated to more than a 2-year high, at close to 6.0% which does not offer comfort. Continued comfort on food and goods inflation as production continues to normalize should prove supportive. "Upside from crude oil prices, if any, could be offset by a likely hold or reduction in duties on petroleum products, softening of demand due to a resurgence in COVID-19 infections, and likelihood of a normal monsoon outturn (as per private weather forecasting firm AccuWeather) in 2021." Grab’s $34 Billion SPAC Deal Puts Southeast Asia Tech on the Map (Bloomberg) -- Grab Holdings Inc. and Traveloka are poised to become public companies in coming months, kickstarting a coming-out party for Southeast Asia’s long-overlooked internet scene.Grab will this week unveil a listing via a U.S. blank-check company that’s drawn backers from T. Rowe Price to Temasek Holdings Pte and values the ride-hailing giant at more than $34 billion, people familiar with the matter said, in the largest-ever deal of its kind. Indonesia’s Traveloka will follow suit, listing at a valuation of about $5 billion via a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel, other people with knowledge of the matter said. Terms on both deals could still change, the people said.The mega deals will front a chain of initial public offerings from the region’s most valuable startups from 2021, from Grab arch-foe Gojek and e-commerce giant Tokopedia to Singapore’s PropertyGuru. Their debuts allow investors to bet on the industry’s ascendancy in the post-Covid mobile era over the financial institutions and industrial conglomerates that have long dominated Southeast Asia’s corporate landscape. Over the longer term, market watchers expect fast-growth technology firms to dominate attention like they have in China and the U.S., overhauling a Southeast Asian roster now led by gaming and e-commerce leader Sea Ltd.“We have seen a similar trend across other more established markets, and it’s now Southeast Asia’s golden period,” said Rajive Keshup, a director at Cathay Capital, a global investment fund with $4 billion of assets under management. “We expect a lot more capital to flow into the region on the back of this mega announcement. And that is a very good leading indicator about the health of the region.”The tech industry in Southeast Asia, home to about a 10th of the world’s population and some of the fastest-growing economies like Indonesia, is overdue for recognition.

https://finance.yahoo.com/news/endexx-files-amended-form-10-123000574.html

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Good audits are critical for defense Public debt is rising rapidly while the potential crowd out effects of future debt service rules have led some people to call this a national security issue. So we should do our best to understand this as a national security issue. But how certain can we be of the dollar amounts and related calculations offered by the federal government in its annual financial statements? Unfortunately, that remains another pressing object of concern, notably and ironically for the Defense Department.  There are not enough people aware or fully appreciative of the fact that the federal government of the United States has earned a disclaimer of opinion on the audit of its financial statements every year for decades. Last year, it looked like more of the same, at least on the surface. The Government Accountability Office issued another disclaimer opinion, citing the Pentagon as a prominent source for that opinion. Under the surface, however, there are some important signs of progress. As background, Congress passed the Chief Financial Officers Act in 1990. Among other provisions, the law called for executive branch agencies to present audited financial statements, unless agencies refused to certify they were ready for this. It explains how the Defense Department figures went unaudited at least externally for many years through 2018. That was the year the Defense Department finally took the plunge and underwent an extensive and costly audit effort, involving many private sector accounting firms and hundreds of individuals both within and outside of the Pentagon. Agency leaders like the comptroller and chief financial officer were vital to the success of that effort, even while the Pentagon received a disclaimer of opinion in the last few years. Why call it a success? The Pentagon, the auditors, and Congress are still in the early stages on what will hopefully prove to be a solid learning curve. Progress is being made while those shortfalls in accounting and financial management are being identified and addressed. The audit faced special challenges in 2020 as the pandemic prevented critical onsite visits and related auditing processes. Greater numbers and better running of onsite audit examinations will be critical to audit success in the future. Some Pentagon entities have achieved limited but key erasures of poor marks for what the auditors call “material weaknesses” and “instances of noncompliance” with federal laws and regulations. But the overall amount of audit findings remained stubbornly high in the most recent year. That can still be seen as a glass half full rather than half empty story, however, as the auditing process broadened its scrutiny in its third year, finding even more new problems than the problems identified and solved. The drivers and leaders responsible for the early audit success at the Pentagon deserve praise.

https://thehill.com/opinion/national-security/546780-good-audits-are-critical-for-defense