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Cycle and Carriage Ltd

Article Abstract:

Cycle and Carriage Ltd (CCL) is on the verge of acquiring 49% of Malayan Credit's shares with the possibility of a counter bid as the only obstacle. In a novel offer which encouraged Malayan Credit's bigger shareholders, CCL promised selected Malayan Credit shareholders that they wouldbe paid any difference between CCL's offer and any counter bids. The tactic interested many of the bigger shareholders immediately and lessened the chancesthat any counter bids might emerge. While this tactic has been trumpeted as a new approach in Asian takeovers, it has disadvantages for the small shareholder.

Evaluation, Mergers, acquisitions and divestments, Column, Securities, Cycle and Carriage Ltd., Malayan Credit

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Island hopper

Article Abstract:

The Sembawang Group, a construction and engineering firm, is planning to develop Karimun Island in Indonesia into an industrial center. The industrial development plans include a deep-water port, petrochemical buildings, an industrial park, a floating dock and oil-storage terminals. The construction of oil-storage terminals may prove to be lucrative, owing to the island's strategic location, which makes it accessible to tankers passing through the Strait of Malacca. There is, however, no natural harbor in the island, and skilled labor is lacking because of the small population.

Heavy construction, not elsewhere classified, Planning, Indonesia, Industrial development, Industrialization, Sembawang Shipyard Ltd.

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Fiscal carrot: Singapore promises reform will lower tax burden

Article Abstract:

The Singapore government claims that its planned3% goods-and-services tax for 1994, as well as the upcoming income tax reduction will lessen the tax responsibilities of the citizens and stimulate the nation's competitiveness. The proposed tax, scheduled for parliamentary review on Feb 26, 1993, will also foster foreign investments in Singapore. Big and medium-scale retailers, however, are apprehensive that the tax could hamperthe attractiveness of the country to tourists.

Economic aspects, Singapore, Tax reform, Tax policy

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