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Asset management industry in Singapore clocks strong growth

Bloomberg Assets are piling up at managers based in Singapore, where they rose 19 percent last year, faster than the global rate and the nation’s own historical average, according to its financial regulator. Managers in Singapore handled S$3.3 trillion ($2.4 trillion) in 2017, with drivers coming from traditional assets as well as those from private equity, hedge funds and others, ...

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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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