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SYDNEY: A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for US$600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.
WASHINGTON: US President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.
KUALA LUMPUR: The Employees Provident Fund (EPF) is set to expand its property investment portfolio in Australia by entering into an agreement to subscribe to a 49% interest in Yarra Park City Pty Ltd (YPC) for A$154mil (RM516.8mil).
WE WAITED with abated breath as the Minister of Finance began his Budget speech. As the Minister unveils his rationale on the various proposals, his analogy of being a sensible father or head of family in managing finances to meet household needs echoes his sensitivity to the Rakyat in the current challenging times.