KUALA LUMPUR: Affin Hwang Capital Research does not expect a sovereign rating downgrade on Malaysia in spite of the high possibility of the government resetting the fiscal deficit to a higher level temporarily due to extraordinary circumstances. Its chief economist and head of research Alan Tan said the rating agencies are likely to sustain their […]
Read MoreKUALA LUMPUR: Tun Dr Mahathir Mohamad has unveiled fresh plans for Malaysia to become one of the main destinations for the high-tech industry by 2025. The Prime Minister unveiled a four-pronged strategy for Malaysia to be on a stronger footing in the manufacturing sector through higher productivity, contribution, innovation and increasing the number of high-skilled workers at […]
Read MoreCYBERJAYA: The new tax which will be announced in the 2019 Budget tomorrow will not be a burden to the people, said Deputy Finance Minister Datuk Amiruddin Hamzah. He said the introduction of the new tax was proposed by the Tax Reform Committee which was established to look into the appropriate actions to be taken […]
Read MorePETALING JAYA: The Malaysian Institute of Estate Agents (MIEA) is urging the Finance Ministry (MoF) to redress the challenges in the real estate services sector. In a statement yesterday, the association said it wants the government to review and evaluate the effective managing of the profession and determine its future direction, adding that MIEA has […]
Read MoreRECENTLY, there has been much discussion about reforming or modernising Malaysia’s tax framework to fit the nation’s requirements in the 21st century. Increasingly complex business transactions, rising cross border transactions, new ways of doing business, speed of change and technological developments – all these are contributing to the demand for a tax framework that is agile and able […]
Read MoreKUALA LUMPUR: iPay88 Holding Sdn Bhd has proposed a more constructive profit-based tax rather than an industry-wide based (digital) tax that could possibly be announced for the digital industry in the upcoming Budget 2019 on Friday. Co-Founder and Executive Director Chan Kok Long in a statement today said the digital industry in Malaysia was not […]
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