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Indonesia prepares COVID-era rule with deficit likely to breach 3% ceiling

Iran tensions Prabowo calls for reduced oil consumption amid soaring crude prices A congested road in central Jakarta. Indonesia heavily subsidizes retail fuel prices. (Photo by Yuki Kohara) ISMI DAMAYANTI and REZHA HADYAN JAKARTA — Indonesia is preparing a COVID-19-era regulation likely to relax the country’s fiscal deficit ceiling amid concerns of potentially rising government […]

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Malaysia’s IJM urges shareholders to reject Sunway takeover bid

Business deals Move follows independent assessor saying construction firm had been undervalued The directors of Malaysian construction company IJM Corp on Friday urged shareholders to reject a takeover bid from the Sunway Group. © Reuters BANGKOK — One Malaysia’s biggest corporate takeover attempt in years appeared to be on the brink of failure on Friday after an independent adviser hired […]