PETALING JAYA: A day before Budget 2020, the World Bank has recommended that the government broaden the coverage of items under the sales and service tax (SST) and expand personal income taxes, among potential measures to diversify Malaysia’s sources of revenue. The suggested measures are expected to rebuild the country’s fiscal buffers, which the World […]
Read MoreIn 20 years, it is estimated that all ASEAN member countries will become ageing societies, where more than seven per cent of the population will be 65 years old or older; and by 2050, the proportion of people over the age of 65 in ASEAN is expected to triple, said Minister of Culture, Youth and […]
Read MoreMANILA, Philippines — The series of rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP) last year slashed the country’s economic growth by 0.2 percentage point in 2018 and 0.4 percentage point in the first half of 2019, according to the Department of Finance (DOF). In an interview, Finance Undersecretary and chief economist Gil […]
Read MoreThailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighbourhood, while there’s a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the easing party under way not just in Asia but in emerging […]
Read MoreThe World Economic Forum (WEF) rates Brunei as the world’s 56th most economically competitive country in the world out of 141 countries this year, rising six places from 2018 when the Sultanate was ranked at 62nd place. The 2019 Global Competitiveness Report measures the strength of 103 key indicators including inflation, digital skills, institutions, macroeconomic stability, health, […]
Read MoreSINGAPORE (BLOOMBERG) – The luxury end of Singapore’s residential market is hot, and according to Colliers International Group, it’s because of increased interest from mainland Chinese nationals. While some market watchers have speculated the turmoil in Hong Kong may lead people there to buy property in the city-state, it seems that isn’t necessarily the case. […]
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