Wed03042015

LAST_UPDATEWed, 04 Mar 2015 8pm

Desperate Greece Taps Into Public Sector Funds To Cover March Expenses

Pic: ReutersATHENS — Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters yesterday.

Read more: Desperate Greece Taps Into Public Sector Funds To Cover March Expenses

TAX MATTERS Advance Rulings – Time To Take Advantage Of It

Pic: The SunTHIS is a very useful avenue created by the authorities in 2007 to promote clarity and certainty in the interpretation and application of the income tax laws under the self assessment environment.

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Asean To Start Streamlined Review Framework

Pic: The SunKUALA LUMPUR: The Securities Commission Malaysia (SC), the Monetary Authority of Singapore (MAS), the Securities and Exchange Commission (SEC), Thailand and the Singapore Exchange (SGX) have signed a memorandum of understanding (MoU) to establish a Streamlined Review Framework for the Asean Common Prospectus.

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US Shares Drop From Latest Records

Reuters picNEW YORK — US stocks fell yesterday, as the Dow and S&P retreated from their latest records and the Nasdaq dipped below 5,000 after scaling the milestone level for the first time in 15 years.

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British Shop Prices Drop In February

Photo credit: ReutersLONDON — Prices in British shops fell at a faster pace in February as tough competition drove down clothing and furniture costs, while food prices fell for a second month in a row, an industry body said today.

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Dollar Hovers Below 11-Year High Ahead Of Economic Data

Pic:ReutersTOKYO: The dollar hovered below an 11-year high versus a basket of major currencies today, as investors awaited US economic data and a European Central Bank meeting later this week for fresh direction clues.

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Automobile Industry Can Transform Kedah's Economy, Says Mukhriz

auto industryLANGKAWI -- Investments in the automobile industry could drive Kedah's transformation of its economy, Menteri Besar Datuk Seri Mukhriz Tun Mahathir said here, Tuesday.

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Moody’s Sees Malaysian Banks, Property Sector As Resilient

KUALA LUMPUR - Malaysian banks and property developers are resilient to possible shifts in sentiment and falling property prices, says Moody's Investors Service.

Read more: Moody’s Sees Malaysian Banks, Property Sector As Resilient

CIMB Axes Singapore Jobs Amid Regional Downsizing

KUALA LUMPUR - CIMB, Malaysia’s second-largest bank, cut 15 jobs in its Singapore business yesterday as it continues scaling back on its regional investment banking operations to weather a tough equities market outlook.

Read more: CIMB Axes Singapore Jobs Amid Regional Downsizing

Small SUVs, Pricey Sports Cars Dominate At Geneva Auto Show

FRANKFURT, GERMANY – Small SUVs for families and powerful sports cars for the rich are the big things at this year’s Geneva International Motor Show. Environmentally correct electrics and hybrids, not so much — thanks to cheaper gas and limits on battery life.

Read more: Small SUVs, Pricey Sports Cars Dominate At Geneva Auto Show