Economy
So how much income tax do you want to pay?
So how much income tax do you want to pay?
The Ministry of Finance is conducting a public consultation on the draft Income Tax (Amendment) Bill 2011 until the first of August.
Korea’s central bank to hike up rates to 3.5% in August
HSBC says inflation will drift back down to the central bank’s target range of 2-4%.
Price pressure: Core prices may continue to rise as Asian exports plunge in June
Asia is gradually running out of excess capacity to meet rampant local demand.
Manufacturing slump cuts GDP growth to just 1.7%
Manufacturing fell 13.5% in signs the economy is softening.
Chinese inflation out of control, surges 6.4% in June
This is a substantial acceleration from the reading of 5.5% in May, according to Royal Bank of Scotland.
Prime Minister’s Office outlines Presidential Election campaign guidelines
Reiterates that campaign expenses are limited to 30¢ per registered voter or $600,000 whichever is the greater.
IPOs raised $27b in Asia
This amounts to 42% of global capital raised.
Singapore’s unemployment hits three-year low of 1.9%
UOB says 54,000 jobs were created in 1Q11.
Taiwan imports slowed to 12.5%yoy in June
It fell by 6.8% from 19.3% in May.
Trade Minister attending Kuala Lumpur dialogue on business and economy
Singapore's Minister for Trade and Industry, Lim Hng Kiang, will attend a private sector dialogue in Kuala Lumpur.
Singapore GDP growth falls to 8.3% in Q1 2011
It fell by 3.7% from last year’s 12%.
China’s services PMI stable at 54.1 in June
For the second quarter as a whole, Mainland service sector activity is expanding at a faster pace than in Q1 when it averaged 51.9.
Asia Pac debt markets jump 26% to a record $368.6b
Asia Pacific corporate issuers raised a record $176.5b, up 38% from last year’s $127.8b.
Asia Pac mergers & acquisitions down 7% from 2H 2010
Cross region outbound volume fell by 19%, according to Dealogic.
“I have tried to do my best”: President S R Nathan
The Head of State is stepping down as he nears turning 87.
Singapore’s inflation inches higher to 4.1%
While GDP growth is expected to hit 6.2%yoy in 2011, according to the latest MAS survey.
Double pay: Inflation set to rise in the Philippines
Surging loan growth and an increase in the repo rate will mean money supply will rise along with inflation.
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