Securities brokers expect the new government to raise the minimum daily wage to Bt400 from Bt325, shortly after formation of the new Cabinet. Although the higher wage will boost domestic consumption, it would also lead to a spike in the production costs of some industries. Natthachart Mekmasin, assistant MD at Trinity Securities Co Ltd, said […]
Read MoreYANGON — Foreign investment shows signs of recovering in Myanmar, one of Southeast Asia’s frontier markets, led by more than twofold gains in inflows from China and Singapore. Approved foreign investments rose 79% on the year for the six months ended in June, reaching $2.35 billion, according to Myanmar’s Directorate of Investment and Company Administration. Mainland Chinese and Hong […]
Read MoreAn economic zone will soon be built in Kanpaiktee at the Myanmar – China border, according to Ministry of Commerce. At the zone there will be truck parking, warehouses, and modern equipment to check installed. The President Office has ordered the central and working committee concerning building of Myanmar-China border economic cooperation zone to perform […]
Read MoreKUANTAN: The government has warned employers against making salary deductions without informing their employees or without prior approval from the Labour Department of Peninsular Malaysia (JTKSM). JTKSM’s labour standards division director Mohd Asri Abd Wahab said the department had received complaints of misappropriation of employees’ salaries without clear consent or reason. “Employers should honour the […]
Read MoreShould input value-added tax (VAT) or VAT passed on by a taxpayer’s supplier of goods or services be allowed as a deduction from income tax, if the claim for refund or tax credit was denied or disallowed? To answer that question, one has to understand the difference between income taxation and the imposition of VAT. […]
Read MoreKUALA LUMPUR: Malaysia is capable of exceeding the RM1 trillion total exports target this year, boosted by strong collaboration between various government agencies and private sectors, said International Trade and Industry Minister Datuk Darell Leiking. Last year, Malaysia according to him recorded RM998 billion in total export, about 0.2% short of surpassing the RM1 trillion threshold. […]
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