Monday, 10 October 2016

Stock Market Today : Maybank 'negative' on Singapore banks amid Indonesia tax amnesty repatriation .

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Maybank Kim Eng is keeping its "negative" rating on the Singapore banks part in the midst of a pickup in repatriation of abroad resources under Indonesia's expense acquittal program. 

Add up to abroad resource repatriation dramatically increased from IDR58.3 trillion ($6 billion) on Sept 20, surging to IDR137 trillion as of Oct 4, as indicated by Maybank. 


An aggregate of IDR666.4 trillion worth of advantages in Singapore has been announced, Indonesia's assessment authorities say.

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