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JAKARTA (ANN): Indonesian Finance Minister Sri Mulyani Indrawati on Thursday (Nov 27) shared the government's planned tax reforms, which include relaxing income tax for Indonesian and foreign expatriates as well as eliminating dividend tax in addition to reduced corporate income tax and a new digital economy tax.
FRANKFURT: Global central banks are approaching the end of the year with a collective shudder at the risky behaviour that their low interest-rate policies are encouraging.
STOCKHOLM: Private equity wasn’t supposed to survive the 2008 financial crisis. After defying that prophecy, it’s now emerged as the best asset class in an age of negative interest rates.
YINGKOU: Bundles of yuan notes were stacked high behind the counters of branches of Yingkou Coastal Bank earlier this month, as the northeast China lender fought off a run on deposits while onsite government officials battled rumours of a funding crunch.
PETALING JAYA: The current intense competition for deposits among banks could take a “breather” following the latest round of cut in the statutory reserve requirement (SRR) ratio.
The outlook for global economic recovery is not yet clear, with some projecting a turnaround early next year, while others remain sceptical.
BANGKOK: The Bank of Thailand is prepared to use monetary policy if economic growth disappoints, its governor Veerathai Santiprabhob said.
After its US$11.2bil Hong Kong share sale, Alibaba Group Holding Ltd will be sitting on US$43bil in cash.
AFTER its US$11.2 billion Hong Kong share sale, Alibaba Group Holding Ltd. will be sitting on $43 billion in cash. That sounds like a great problem to have. Only one publicly listed, non-financial company has more: Apple Inc., at $49 billion.