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IT has been a collage of issues that have dragged FGV Holdings Bhd into the mire in recent years.
THERE has to be structural changes to the housing sector if it is to climb out of its current malaise, two industry sources say.
THE Indian economy continues to slow. The monthly Index of Industrial Production fell to an eight-year low in the month of September, contracting by over 4%. According to India’s central bank, growth in bank credit to industries in the same month fell to 2.7%, the lowest in a year. While the numbers for services are a little better, even they stand at a two-year low.
NEW DELHI: India is considering changes to its dividend distribution tax, according to people with knowledge of the matter, in a bid to goad companies to boost spending and revive foreign fund inflows.
Paris: Salvatore Ferragamo SpA’s sales in Hong Kong fell 45% during the third quarter as months of anti-Beijing protests held back spending by tourists and locals alike.
TOKYO: Nissan Motor Co. withdrew its dividend outlook and said it’s now undecided on a payout, dealing an unexpected blow to top shareholder Renault SA.
TOKYO: The top three Japanese steelmakers reduced their annual profit forecasts this month as slumping steel prices in Asia eroded their export margins while slower auto demand overseas and falling usage in machinery at home forced them to cut output.
KUALA LUMPUR: The government is not seen as pandering to developers but is committed to ensuring a sufficient supply of affordable units on one hand, and to rebalance the residential overhang on the other, Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said.
BENGALURU: Commonwealth Bank of Australia (CBA) said margin pressure from record-low interest rates would persist as the country’s biggest bank reported a near 10% drop in first-quarter cash profit.
The Hong Kong actor was slashed on the right hand and stabbed in the abdomen during a store opening event in July.