SINGAPORE – Singapore saw fewer mergers and acquisitions (M&As) and other deals amid the coronavirus-induced recession this year, said a report on Tuesday (Dec 22). A total of 640 transactions worth US$65.3 billion (S$87 billion) – including M&As, initial public offerings (IPOs), and private equity and venture capital deals – were recorded from December 2019 to […]
Read MorePETALING JAYA: Bank Negara’s international reserves rose US$400mil to US$105.7bil over the two weeks to Dec 15. It said in a statement that its reserves position is sufficient to finance 8.8 months of retained imports and is 1.2 times total short-term external debt. The main components of the international reserves comprised foreign currency reserves at […]
Read MoreExports in November fell by 3.65% from a year earlier, the Commerce Ministry said on Wednesday. The decline compares with a forecast in a Reuters poll for a fall of 3.2% in exports and against October’s 6.71% drop. Imports in November eased 0.99% from a year earlier, resulting in trade surplus of $53 million. In […]
Read MoreThailand plans to run a fiscal deficit until 2025, to combat projected low tax revenue from low economic growth, while targeting inflation of 1 to 3 per cent next year. The Cabinet on Tuesday gave the nod to the inflation target set by the Finance Ministry and Bank of Thailand’s Monetary Policy Committee (MPC), said […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has given delinquent taxpayers more time to settle their deficiencies as part of the government’s efforts to ease the taxpayers’ burden amid the pandemic. The DOF has issued Revenue Regulations 32-2020 and 33-2020 extending until June 2021 the respective deadlines for people to avail themselves of the […]
Read MoreAny move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said. The ministry made the comment after Reuters reported that the US Department of Commerce is to continue imposing tariffs on Vietnamese goods from December based on the accusation of the Southeast […]
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