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KUALA LUMPUR: Top Glove’s core net profit of RM101mil for the first quarter ended Nov 30, 2017 (1QFY18) was above expectations, at 26% of CIMB Equities Research and consensus’ FY18 estimates.
KUALA LUMPUR: The employees' statutory contribution to the Employees Provident Fund (EPF) will revert to the original 11% for members below age 60, and 5.5% cent for those aged 60 and above with effect from Janauary 2018.
JAKARTA: Indonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The nation’s stocks and currency rallied.
SEOUL: President Moon Jae-in’s drive to give South Koreans their “right to rest” by slashing work hours is making little headway as lawmakers haggle over pay rates for weekends.
WASHINGTON: President Donald Trump’s tax cuts hand him ownership of wherever the US economy turns starting in 2018, and at Goldman Sachs the view is that tighter monetary policy is ahead.
ZURICH: Credit Suisse Group AG is at risk of posting a third consecutive annual loss after predicting it will take a 2.3 billion-francs (US$2.33bil) hit from a US tax overhaul signed into law by President Donald Trump.