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Tough times for Asian bankers after oil plunge

Over a fifth of acquisitions, worth US$43 billion, announced last year have been scrapped

Thailand's richest man, Charoen Sirivadhanabhakdi, in February abandoned plans to buy control of Singapore builder United Engineers Ltd after failing to reach an agreement on price.


IT'S a tough time to be an investment banker in South-east Asia.

Singapore, the region's biggest stock market, is having its driest spell in six years with no initial public offering bigger than US$25 million in 2015. Mergers involving South-east Asian companies have