Tax deferral to ease business operations

Tax deferral to ease business operations

To support businesses to recover operations soon, numerous policies related to deferring tax and land rent payments are to be put in place, while a reduction in corporate income tax is being considered.
AccorHotels sells majority of property unit for US$5.4b

AccorHotels sells majority of property unit for US$5.4b

PARIS: AccorHotels announced on Tuesday (Feb 27) the sale of a 55 per cent stake in the subsidiary that owns its hotels to a group of international investors including the sovereign wealth funds of Saudi Arabia and Singapore for €4.4 billion (US$5.4 billion).
Qualcomm rejects Broadcom hostile bid, opens door to talks

Qualcomm rejects Broadcom hostile bid, opens door to talks

Qualcomm on Thursday (Feb 8) rejected a record US$121 billion hostile bid from computer chip rival Broadcom but offered to meet with the Singapore-based firm to discuss the recently increased offer.