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JAKARTA: Indonesia’s government is tightening requirements to force companies to repatriate revenue from the export of natural resources, a minister said on Friday, as authorities seek to support a fragile rupiah currency.
JAPAN’s Government Pension Investment Fund (GPIF) is now able to hedge against fluctuation in the value of various currencies, the head of the world’s largest pension fund says, declining to say whether it had started or will start doing so.
WASHINGTON DC: US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.
NEW YORK: US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.
JAKARTA: Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than US$10bil that was repatriated under a tax amnesty programme three years ago, with officials acting before a lock-in period on the funds expires later this year.
SINGAPORE: Singaporean authorities are preparing to return about S$35mil (RM106mil) surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.
TOKYO: Honda Motor Co forecast on Wednesday a 6 percent increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe.
SEOUL: South Korea’s Hyundai Motor Co posted its steepest quarterly net profit gain in over seven years as a weaker local currency helped lift US income, while new models boosted domestic sales.