Law firm expects investor interest in Turkey
News from Emerging Markets
The Turkish private sector's foreign debt rose by $12.5 billion in year-on-year terms to $277.4 billion since March 2014, the Turkish Treasury reported on Tuesday. Private sector foreign debt constituted 71 percent of total foreign debt, the report said.
Moody's investors Service has lowered its underlying credit rating of Abu Dhabi National Energy Company (Taqa), because of its weakening financial position. The agency said it maintains a credit rating of A3 on Taqa, but only because of the implied backing of the Abu Dhabi government, which owns a majority stake.
The China Post Staff TAIPEI, Taiwan -- From a macro point of view, current cross-strait relations are at their best in 60 years, said Straits Exchange Foundation (SEF) Chairman Lin Join-sane yesterday. Taiwan has a strong development of small- and medium-sized enterprises (SMEs) with good achievements and experiences.
Exporters, including apparel makers, will now have to pay 0.6 percent tax at source on their income from export from the upcoming fiscal year, as the government slashed the rate from the proposed 1 percent.
BIMB Securities Research expects market sentiment to remain lacklustre with the FBM KLCI hovering around 1,680 to 1,700 for this week. It said on Tuesday foreign selling of Malaysian equities continued with net selling at –RM104.7mil the previous day. Retailers were net sellers at –RM4.1mil.
Public gross debt is expected to hit a new record later this year, even if Brazil achieves the primary surplus target of R$66.3 billion, or 1.1% of GDP. According to projections by the Central Bank, gross debt will end 2015 at 62.7% of GDP, compared to 58.9% in December 2014.