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Malaysia: Govt mulls capital gains tax on shares, one-off higher tax rate for businesses with windfall profits

KUALA LUMPUR (Sept 22): The government is contemplating and studying the implementation of a one-off higher tax rate to be imposed on companies that have generated extraordinary profits during the Covid-19 pandemic. Deputy Finance Minister II Yamani Hafez Musa, who was speaking in Parliament today, added that Putrajaya is also studying the implementation of a […]

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Thailand: Reopenings face even more delays

The reopening plan for five provinces might be delayed by a month to Nov 1 as each province’s vaccination rate still falls short of 70% coverage, leading Chiang Mai to put its faith in the domestic market instead. Thanet Phetsuwan, deputy director for communications and marketing at the Tourism Authority of Thailand (TAT), said the […]

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Azmin: Malaysia remains competitive in attracting investments despite challenging pandemic situation

KUALA LUMPUR, Sept 22 — Malaysia remains competitive in attracting investments into the country, despite the challenging Covid-19 pandemic situation. Senior Minister cum International Trade and Industry Minister, Datuk Seri Mohamed Azmin Ali said Malaysia’s strategic position, conducive business environment and ecosystem, as well as strategic investment-related initiatives are expected to continue to make Malaysia […]

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