Page 4 – ASEAN Economic Community Strategy Center

Malaysia: Maybank IB Research sees possible gaming tax hike in Budget 2020

KUALA LUMPUR: Maybank Investment Bank Research does not discount the possibility that numbers forecast operators (NFO) gaming tax rates may be hiked in the Budget 2020 proposals to be announced on Oct 11. “We estimate that every 1ppt hike in NFO gaming tax rates will cut our Magnum and Berjaya Sports Toto (BToto) EPS estimates and TPs […]

Malaysia: RAM expects August exports, imports to remain sluggish

KUALA LUMPUR: RAM Ratings expects the growth performance of Malaysia’s exports and imports in August to remain sluggish at a respective -0.1% and -6.4%. In a statement issued on Thursday it said the weaker performance would mean a narrower overall trade surplus of RM6.5bil. “The lacklustre showing will be underscored by subdued global trade and […]

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Malaysia: Maybank IB Research sees possible gaming tax hike in Budget 2020

Malaysia: RAM expects August exports, imports to remain sluggish