STOCKS with Malaysian exposure were hit on the Singapore bourse on Thursday morning after Malaysia Opposition’s shock election win. As at 11am, Singapore-listed stocks with Malaysian exposure such as Jardine Cycle & Carriage, IHH Healthcare and Hatten Land fell. Jardine C&C was down 81 Singapore cents or 2.4 per cent to S$33.07, IHH Healthcare down […]
Read MoreTHE BOARD of Investment yesterday approved a slew of tax measures to support investments for smart cities and smart logistics centres, according to its secretary-general Duangjai Asawachintachit. The BOI’s tax support for the establishment of smart cities is divided into two categories. First is designed for investments in telecom infrastructure, such as fibre optic network […]
Read MoreMANILA, Philippines — Sen. Paolo Benigno “Bam” Aquino IV on Thursday filed a bill allowing the suspension of additional petrol taxes under the government’s tax reform law should the three-month inflation average exceed official targets. Under Senate Bill 1798, government agencies will be empowered to suspend the excise tax on fuel under the Tax Reform […]
Read MoreMalaysia’s markets, among the best performers in Asia, may suffer a short-term blow after former prime minister Mahathir Mohamad unexpectedly led the opposition to power, with investors waiting for clarity on the nation’s first new government in six decades. The stock index may drop as much as 8 percent within three days, according to Affin […]
Read MoreKUALA LUMPUR: Malaysia’s national stock exchange Bursa Malaysia along with its subsidiaries will be closed on Thursday and Friday, the exchange said in a statement on Thursday morning. The announcement came in conjunction with the special public holidays announced after Malaysia’s opposition alliance won the general elections on Thursday in a shock victory. Bursa said […]
Read MoreKUALA LUMPUR: Malaysia’s currency weakened in offshore trading after the opposition claimed victory in Wednesday’s general election. The ringgit one-month non-deliverable forward fell 1.7% to 4.0461 against the dollar, after the long-serving former premier, Mahathir Mohamed, 92, claimed that the opposition alliance he leads had won enough parliament seats to form the next government. Results as of […]
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