SINGAPORE: Singapore’s expansionary budget for the coming year makes the central bank’s April policy decision slightly more complicated. The Monetary Authority of Singapore will need to decide whether to tighten policy in the face of steady economic growth and greater fiscal spending, or hold its stance because of growing global risks. “The case for further monetary policy tightening is diminishing,” with weaker economic […]
Read MoreAfter joining 120 countries in the Automatic Exchange of Information in 2018, the tax office has obtained information about the wealth of Indonesian nationals that is deposited in financial institutions in 65 countries, according to the Finance Ministry’s Taxation Directorate General. Taxation Director General Robert Pakpahan said the tax office was scrutinizing the data. “We are cross-checking […]
Read MoreForeign direct investment has always been an important aspect of Thailand’s economic development and the country remains to hold its position as one of the primary inbound investment destinations in the region. A recent survey by KPMG gathered valuable insights from many of KPMG’s leading domestic and international clients who have recently undertaken M&A projects […]
Read MoreMANILA, Philippines — The country’s external payments position strengthened for the third straight month with the balance of payments (BOP) surplus hitting a six-year high of $2.7 billion in January amid strong inflows. Data released by the Bangko Sentral ng PIlipinas (BSP) Tuesday evening showed last month’s BOP surplus was a complete reversal of the […]
Read MoreMyanmar Post is among the state-owned enterprises (SOEs) that have been suffering losses over the last several years. The postal service first began with the setting up of the Sittwe Postal Office in 1827. Due to the advent of modern digital communications, the SOE’s revenue has declined drastically. People who used to rely on physical […]
Read MorePETALING JAYA: The FBM KLCI put up strong gains in yesterday’s trading session, rising 19.62 points or 1.15% to 1,726.18 points by the end of the day, recording its third day of gains. All Asian markets with the exception of Australia’s ASX rose, with gains in Malaysia being the strongest compared to other Asian markets. […]
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