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BEIJING: China's industrial firms made total profits of 1.61 trillion yuan (US$262.6 billion)in the first four months of 2013, up 11.4 percent from the same period a year ago, the National Bureau of Statistics said on Monday.
TOKYO: Japan's second-tier carmakers Mazda Motor Corp and Mitsubishi Motors Corp are expecting record level profits buoyed by a weaker yen after years of being on the brink, but both warned about a slowdown in Thailand.
WASHINGTON: Foreign profits held overseas by US corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top US$2.1tril, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer.
LONDON: The recent Opec-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil’s bull run.
KUALA LUMPUR: Airlines in Asia-Pacific are expected to see higher profits of US$9bil next year from US$8.3bil anticipated for 2017, said the International Air Transport Association (IATA).
Major US multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on US$2.6tril (RM11.21tril) in corporate profits being held offshore, a key piece in Washington's intricate tax reform puzzle.
THE announcement by the government of a tax on 'windfall profits' of oil palm plantation operators and independent power producers (IPPs) represents a trend among economies where there are specific sectors benefiting from the bonanza in terms of high prices of certain commodities.
BEIJING: Profits earned by China's industrial firms grew at their fastest pace in three months in June, indicating government spending is supporting the corporate sector though uneven growth and soft investment pose headwinds.
Beijing: China’s industrial firms weathered a broad government crackdown on financial risks as profits continued to surge last month in a stabilising force for the world’s second-biggest economy, which has started to cool slightly in recent months.
BEIJING: Profits for China's industrial firms rose at a slower pace in December than the previous month, data showed on Friday, but clocked their fastest annual increase in six years as cost cutting and a construction boom helped businesses in 2017.