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Business

IMF says Pakistan needs to mobilise tax revenue, cut debt

WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan

Business

Anil Ambani plans US$3.2b asset sales to pare massive debt

MUMBAI: Indian tycoon Anil Ambani plans to raise about 217 billion rupees (US$3.2bil) by selling assets from roads to radio stations in a bid to cut debt.

Business

AB InBev plans Asian IPO as brewer seeks to cut debt

LONDON: Anheuser-Busch InBev NV (AB InBev) is weighing an initial public offering (IPO) of its Asian unit as the world’s largest brewer jockeys for position in a massive consumer market where rivals are piling in via local alliances.

Business

After Hyflux’s fall, S’pore debt buyers are scrutinising these firms

The collapse of Singapore’s water treatment firm Hyflux Ltd has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.