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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

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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.

Singapore

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

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