World Business

PETALING JAYA: After a disappointing fourth quarter, the banking sector is poised for an earnings downgrade with analysts projecting lower...

Firms can get sales tax refund until September: D.F Minister

BUKIT MERTAJAM, MALAYSIA: Companies may get refunds of sales tax on goods held on hand until September, said Deputy Finance...

Qatar’s Doha bank plans to launch ETF on QE

DOHA: Doha Bank has announced its plans to launch an Exchange Traded Fund (ETF) on Qatar Exchange (QE). Amwal and...

Board recommends 5% dividend: Kuwait’s KAMCO earns KD 1.96 million profit in 2014

KUWAIT: KAMCO Investment Company (KAMCO) has announced a net profit of KD 1.96 million, or 8.2fils per share, for the...

Decline of oil prices: Indonesian LNG projects face delays to 2020

JAKARTA: Three major liquefied natural gas (LNG) export projects in Indonesia face delays due to lower oil prices and regulatory...

Boost trade activities: Qatar launches new special economic zone ‘Um Al Houl’

DOHA: A new special economic zone (SEZ) has been confirmed in Qatar near the new Hamad Port, just south of...

Malaysia tax agency targets for 80% e-filing by employers in 2015

KUALA LUMPUR: Malaysia’s tax agency has set a performance target to ensure 80 per cent of employers in the country...

NT$30.2 billion earning in 2014: Taiwan’s Mega eyes to buy insurance firms

TAIPEI: Mega Financial Holding Co, the nation’s most profitable state-run financial services provider, is eyeing medium-sized life insurance companies and...

Auto makers urge banks to pass on benefits of total 50bps RBI rate cut

New Delhi: Auto makers welcomed Reserve Bank of India's move to cut key policy rate by 25 basis points but...

RBI aims to bring inflation down to target of 4pc by 2016-17

Mumbai: The uncertainty surrounding global oil prices can have an adverse bearing on the inflation outlook though it will endeavour...

Over 81pc of 14.5 crore LPG consumers join scheme

New Delhi: The oil ministry said over 81 percent of the 14.5 crore LPG consumers have joined a scheme to...

38 million followers on social networking sites, PM Modi becomes among 30 most influential people on internet

DEHLI: Indian Prime Minister Narendra Modi has been named among the 30 most influential people on the internet by Time...

Oil rises in Asia as 21 cents added to $51.74/barrel, Brent gains 4 to $60.59:

SINGAPORE: Analysts said a refineries strike in the United States is weakening overshadowed rise in US crude stocks. US benchmark...

RBI rate cut by 0.25pc to lower EMI, boost economic growth

New Delhi: The Finance Ministry's top functionaries hailed RBI's decision to cut policy rate by 0.25 percent, and said it...

IDBI Bank plans to raise Rs 20,000 crore to fund its business growth

New Delhi: IDBI Bank said it will raise Rs 20,000 crore through bond issuance in more than one tranches from...

Sri Lanka, China’s Tianjin province ink MoU to establish trade ties

COLOMBO: A Memorandum of Understanding (MoU) was signed between the Ceylon Chamber of Commerce and the Tianjin province of China...

Allianz Malaysia pre-tax profit jumps by 24.9% to RM423.53m in FY14

KUALA LUMPUR: Allianz Malaysia Bhd's pre-tax profit increased 24.9% to RM423.53 million for the financial year ended December 31, 2014...

Indonesia to regain poultry exports to Japan after a decade

JAKARTA: Indonesia will begin exporting processed poultry to Japan in few weeks, the first in a decade. Japan had banned...

Qatar’s QFC changes tax loss rules