Cambodia’s double taxation agreements (DTAs) with Malaysia and South Kore is closer to realisation as the government has submitted the DTA draft law with the two countries to the legislative body for approval. According to the government, the DTA draft law with the two countries is primarily designed for the prevention of fiscal income tax […]
Read More[MUMBAI] Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat. The first such purchase this year is already nearly twice the average annual volume of […]
Read MoreMALAYSIA could see a full-year recession in 2020, due to the economic fallout from the movement control order (MCO) as well as a worsening global economic outlook, Fitch Solutions warned. The market intelligence firm said it has slashed its 2020 real growth domestic product (GDP) growth forecast for Malaysia to -2.8 per cent, down from […]
Read MoreKUALA LUMPUR (XINHUA) – Malaysia’s economic growth eased sharply to 0.7 per cent in the first quarter, dragged by the spreading of COVID-19 pandemic, the central bank said yesterday. Bank Negara Malaysia (BNM), the central bank, said in a statement that services and manufacturing sectors moderated while other sectors contracted. External demand and investment also […]
Read MoreKUALA LUMPUR, May 13 — The government will be implementing a short- and medium-term economic recovery plan to rejuvenate the country’s economic growth soon, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. The plan will highlight health guidelines and safe operating procedures in the new norm, capacity building, hiring of workers, job creation as well […]
Read MoreKUALA LUMPUR, May 13 — Bank Negara Malaysia said the risk of Malaysia falling into deflation is limited despite the expectation of headline inflation to turn negative this year. Governor Datuk Nor Shamsiah Mohd Yunus said for deflation to happen, the country would have to experience a prolonged and broad-based decline in prices, coupled with […]
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Thailand
