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Malaysia tax-free period to up Q3 earnings growth

Bloomberg Earnings for Malaysian companies will show growth, thanks to the tax-free period that firms enjoyed after the newly elected government replaced the goods and services levy with one on sales and services. The season, which began with results from Public Bank Bhd. is expected to benefit from higher spending as taxes were dropped for most of the September quarter, ...

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Remittances by overseas Indians set to hit record $76 billion amid rupee slump

Bloomberg Lured by the sharp slump in rupee against the dollar, Indians living overseas may boost remittances to a record, helping bolster the nation’s efforts to support Asia’s worst-performing major currency. The country is expected to receive remittances of about $76 billion in 2018, 10 percent more than in the previous year, according to estimates by EbixCash, the financial exchange ...

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S Korea’s weaker GDP growth raising hurdle to rate increase

Bloomberg Weaker-than-expected growth in South Korea’s economy is raising fresh questions about whether the Bank of Korea will get its long-awaited interest rate hike next month. While stronger net exports helped sustain expansion, a second-straight quarterly decline in corporate capital investment and a sharp drop in hiring are evidence that the economy is losing steam. Gross domestic product expanded 0.6 ...

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