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Indonesia: Government removes income tax for sugar

The government removed on Friday income tax on sugar as part of its attempt to maintain the government’s purchasing price at Rp 9,700 (69 US cents) per kilogram. The decision was made during a meeting at the State Palace in Jakarta attended by relevant officials and ministers. Trade Minister Enggartiasto Lukita said the government preferred to […]

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Malaysia: Daim considers basic income fund

KUALA LUMPUR: A top adviser to Prime Minister Mahathir Mohamad is considering an overhaul to Malaysia’s social safety net by setting up a fund that pays out basic income to the poor. Last year alone, the government spent about 37 billion ringgit ($9.3 billion) on subsidies, various kinds of aid, and cash handouts known as […]

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Coca-Cola to invest more in Malaysia

PETALING JAYA: Coca-Cola Bottlers Malaysia, which has made an accumulative investment of RM1.5bil, is not ruling out further significant investments in the country in a move by the international bottler to strengthen its market presence. Chief executive officer for Malaysia, Singapore and Brunei Gareth McGeown told StarBiz that the company had made the accumulative investment since 2010, […]

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Thailand ‘must prepare ground for challenges ahead’

THAILAND faces many challenges ahead as it seeks to transition the country to succeed in the era of automation and digitalisation with the 4.0 initiative. The country needs to prepare itself to meet Thailand 4.0’s manufacturing environment as well as respond to the expansion of Chinese investments and those from global investors into the Kingdom, […]

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