PUTRAJAYA: There are many kinds of good taxes that could be introduced to stimulate Malaysia’s economy in order to create a fair society as it strives to tide over its RM1 trillion debt, said Nobel prize-winning economist Joseph Stiglitz (pic). He cited them as inheritance taxes, capital gain taxes and property taxes for large holding properties, which were actually good for […]
Read MoreThe Bank of Thailand’s new rules to tighten mortgage lending are credit-positive to reduce property speculation, says Moody’s Investors Service. “The new mortgage-lending rules are credit-positive because they will help to reduce speculative buying and require banks to focus on borrowers with better credit quality,” said Moody’s. “We expect the measures to improve the asset […]
Read MoreMyanmar’s currency crisis seems to have eased in recent days as a result of government actions, and to the relief of some market observers who feared an Argentina-style meltdown was in the making. Analysts, however, believe this is only a temporary reprieve as the economic fundamentals that gave rise to the sudden crash remain. If […]
Read MoreTHE strengthening Singapore dollar suggests that the market expects further monetary tightening, yet economists are divided over whether the Monetary Authority of Singapore (MAS) will do so in its upcoming half-yearly policy review, with inflation in the upper half of the official forecast range but growth slowing amid global risks. At the last review in […]
Read MoreSHORTAGE OF available land in the central business district and fierce market competition have led to a slew of merger and acquistion (M&A) deals among property developers in recent years, say experts in the industry. “The Bt20.14 acquisition last month of a majority stake in Grand Canal Land Plc(GLAND) by CPN Pattaya Co Ltd, a […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore said the Philippines’ economic growth would ease further while inflation would continue to soar in 2019, if the price of oil hits $100 per barrel as the US ratchets up sanctions on Iran. In its economics and weekly strategy titled “How will Asia cope with $100 oil,” […]
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