PETALING JAYA: The new sales and services tax (SST) is likely to cover a wider range of goods and services compared with the old SST system to generate more income for the government. “The coverage of the new SST, especially the service tax, would likely widen due to the narrow scope of the old SST. […]
Read MoreKUALA LUMPUR: The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng. He said that the SST would be implemented on Sept 1 after the necessary laws are passed in the current […]
Read MoreIndonesian and Indian businesspeople signed on Monday a business-to-business agreement on palm oil to build communications between producers and consumers of the commodity. The agreement, a memorandum of understanding (MoU) on sustainable palm oil production, was signed by the Indonesian Palm Oil Board (DMSI), the Solvent Extractors Association (SEA) of India and civil society organization Solidaridad […]
Read MoreBank Indonesia recorded US$358.6 billion in foreign debt in May, a 0.2 percent increase from the $358.09 billion recorded in April. Foreign debt grew 6.8 percent year-on-year (yoy) in May, lower than the growth in April at 8 percent yoy. Government debt was recorded at $182.5 billion, while private debt hit $176.1 billion. The majority of government debt ($124.6 billion) was in […]
Read MoreThe world is changing, and business in Thailand must understand the drivers of this change. This is why, as I enter my third decade in Thailand’s industrial sector, I believe it is more vital than ever for every business to observe international megatrends – changes which will transform societies and influence the direction of life […]
Read MoreThe banking industry is expected to announce 10% lower earnings for the second quarter than the previous quarter, mostly attributed to the decision to eliminate fees for digital transactions. KGI Securities forecasts the combined net profit of nine listed banks in the second quarter of the year at 46.05 billion baht, down 10.7% quarter-on-quarter, but increasing […]
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