KUALA LUMPUR: The World Bank believes the Malaysian government can do more to raise its revenue, forecasted to be at 15.2% of GDP in 2020, without affecting low-income households. The key areas include making personal income taxes more progressive and broadening consumption taxes, it said in its 21st edition of the World Bank’s Malaysia Economic […]
Read MorePETALING JAYA: 7-ELEVEN MALAYSIA HOLDINGS BHD is looking to get a foothold in the thriving Malaysian pharmaceutical industry following its proposed acquisition of Caring Pharmacy Group Bhd recently. Analysts are positive on the proposed acquisition and see earnings accretion for 7-Eleven from the deal. As the acquisition price is also done at 27 times price earnings (PE) multiples, which […]
Read MoreKUALA LUMPUR: The Institute of Chartered Accountants in England and Wales (ICAEW) has forecast that Malaysia’s gross domestic product (GDP) in 2020 may slow to 4% from 4.4% expected for this year. Economic advisor Sian Fenner said the cautious outlook was primarily driven by the moderating household spending. “Household spending is still going to remain quite […]
Read MoreMALAYSIA needs to be quicker in undergoing digitisation in order to remain relevant in this digital world, as the country runs a high possibility of losing out to its neighbouring countries. There should be an improvement in the way grants are disbursed and in implementing the right policies to ensure the country is not left […]
Read MoreINDUSTRY players could see an increase in trading prices for Malaysian Sustainable Palm Oil (MSPO)-certified palm oil as the government sets a mandatory standard beginning 2020. The Malaysian Palm Oil Board (MPOB) DG Dr Ahmad Parveez Ghulam Kadir (picture) said the MSPO certification processes along the palm oil supply chain could increase operation costs in order to […]
Read MoreON Nov 6, 2018, Chen Weijie, 30, an online celebrity based in Meizhou village, Guangdong province, South China, sold 160 million yuan’s (RM95mil) worth of products during an eight-hour live-streaming session on Kuaishou, a short video platform. The marathon online sale was almost non-stop, except for short breaks to drink water or answer calls of […]
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