China-based Hanting Inns and Hotels is aiming to raise up to $110 million ahead of a Nasdaq listing, while facade specialist Far East Global is seeking up to $79 million from a Hong Kong IPO.
PricewaterhouseCoopers expects the government to offer one-off tax cuts and grants, but few general tax reductions, as it struggles with an estimated $13.5 billion surplus.
India announces its fiscal 2007-08 budget as stock markets in the country continue the nosedive they began on February 27, ending down 6% in two trading days.
Prime Minister Abdullah Ahmad Badawi proposes a budget that emphasises spending -- a move that surely will help him rebuilt political goodwill amidst attacks from his predecessor Mahathir Mohammed.