SINGAPORE: With more than half of Singapore equities trading below their net worth, some investors are chasing profits by buying shares in companies that may be bought out or delisted by controlling shareholders or takeover firms. “Investors are looking for takeover candidates because prices have come off significantly,” said Justin Tang, a director of global […]
Read MoreMANILA, Philippines – Consumer prices accelerated to 2.7 percent in January, the fastest in more than two years since it registered at 3.7 percent in November 2014, the Philippine Statistics Authority (PSA) reported yesterday. The rapid uptick was driven mainly by the higher price adjustment in the heavily-weighted indices of housing, water, electricity, gas and […]
Read MoreTEMPO.CO, Jakarta – Earlier in August last year, President Joko Widodo instructed the Minister of Finance Sri Mulyani Indrawati to lower corporate income tax (PPh badan) to a globally competitive rate. Individual income tax will also be slashed to maintain peoples’ purchasing power. Revisions to tax laws are not expected to complete this year nor […]
Read MoreThe cabinet on Tuesday extended by six months to August free visas at Thai consulates and embassies and discounts on visas on arrival for visitors from 21 countries. The Tourism and Sports Ministry proposed the extension to attract foreign tourists as the measure earlier set for three months from early December to Feb 28 raised […]
Read MoreKUALA LUMPUR: Malaysia’s exports rose 10.7% to RM75.6bil in December 2016 from a year ago, exceeding economists’ expectations of a growth of 9.6%, underpinned by higher exports of electrical and electronic (E&E) products and palm oil and palm-based products. The Statistics Department in a statement on Wednesday said on a month-on-month (m-o-m) basis, exports increased […]
Read MoreBanque pour le Commerce Exterieur Lao (BCEL) has signed an agreement with Krungsri Leasing Services granting use of its electronic banking services to customers of Krungrsri. Customers of Krungsri will be able to take advantage of popular BCEL e-banking applications such as BCEL One and I-bank after the two banking systems are linked. The deal […]
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Thailand
