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Pepsi, IBM sell bonds through Singapore to reap potential tax benefit

A potential tax benefit is spurring US companies, including PepsiCo Inc and International Business Machines Corp, to sell bonds through their Singapore subsidiaries, fuelling a record surge of sales from borrowers in the city-state. The tactic can allow companies to deduct interest expense from their taxable income in both the United States and Singapore.
United States International Capital Pepsico Inc Organisation For Economic Cooperation International Business Machines Corp Pfizer Inc

OECD Report Highlights Economic Challenges and Reform Opportunities for Egypt

According to a recent report by the Organization for Economic Co-operation and Development (OECD), Egypt's Gross Domestic Product (GDP) is projected to grow to 5.1 percent by the fiscal year 2025-2026. The report indicates that this growth will be driven by increasing consumption if inflation declines and fiscal support is gradually withdrawn. The OECD
Organization For Economic Economic Co Operation Gross Domestic Product

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