Uncategorized

  Bloomberg Singapore plans to implement Southeast Asia’s first carbon tax starting in 2019, a move that would raise energy costs in the island nation and require more than 30 big polluters such as power plants to pay the levy. The proposal would charge between S$10 ($7) and S$20 a ton on emissions of carbon dioxide and five other greenhouse ...

  Bloomberg The US economy should be able to weather President Donald Trump’s temporary travel ban, economists say, though any broadening of immigration and visa restrictions could hurt the labor force and productivity. Two-thirds of economists surveyed by Bloomberg said the ban, which has for the moment been temporarily suspended by the courts, will have “little to no effect” on ...

  Bloomberg US utility owners from Duke Energy Corp. to NextEra Energy Inc. are warning investors that their earnings may take a hit from tax reforms being floated in Washington. At risk is a provision corporations have enjoyed for years. It gives utilities the right to deduct what can be considerable tax expenses because of the billions of dollars of ...

  Abu Dhabi / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday officially inaugurated Al Hili, the sixth and the latest Baynunah-class corvette built by Abu Dhabi Ship Building (ADSB) for the UAE Navy, in a ceremony held at NAVDEX, the naval defence and maritime security ...

  Abu Dhabi / WAM Arms deals worth AED 6.919 billion (US$ 1.88 billion) were signed on the second day of the International Defence Exhibition and Conference, IDEX 2017, bringing the total transactions in 48-hrs of the exhibition to more than AED11.335 billion (over US$3 billion). Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson for the 13th edition of IDEX, said that ...

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, revealed continued growth and increased profit margins in 2016 following 12 months of key announcements and operational achievements. The company, which has been leading the residential and commercial development of Ras Al Khaimah while rolling out a ...

  Bloomberg Singapore’s Finance Minister Heng Swee Keat outlined a set of targeted measures in his budget speech to help the struggling offshore and energy services industry and spur construction. The government will bring forward S$700 million ($493 million) worth of infrastructure spending and defer levies on foreign workers in the marine and process sectors for another year, Heng told ...

  Bloomberg Oasis Management Co.’s Seth Fischer increased his pressure on Panasonic Corp. to sweeten its offer for listed subsidiary PanaHome Corp., calling the transaction a test case of whether Japan’s corporate governance overhaul is working. Oasis will ask the courts to rule on whether the price is fair if shareholders approve the deal on current terms, Fischer said in ...

  Bloomberg The half of Russia’s economy that hasn’t got wind of a recovery is already hunkering down for the crisis to come. Once indispensable for the country’s prospects, consumption flat-lined well below zero throughout last year even as the broader economy defied gloom. From the ruble to industrial output and wages, Russia is on the up and up. But ...

  Bloomberg Thailand’s economy grew at the slowest pace in a year last quarter as private consumption moderated. Gross domestic product expanded 3 percent from a year earlier, the National Economic and Social Development Board said in Bangkok on Monday. That is the slowest in a year, according to data compiled by Bloomberg. The median estimate of 20 economists surveyed ...