KUALA LUMPUR: EcoFirst Consolidated Bhd is hopeful that the government will not introduce any additional real estate taxes in the upcoming 2019 Budget. Group chief executive officer Datuk Tiong Kwing Hee said the additional tax could weigh heavily on the current sluggish property market. “We believe continued focus on housing affordability is still needed and […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index in September rose 0.3 percent from a year earlier, a marginal acceleration from a month ago when it hit its lowest pace in three-and-a-half years, government data showed on Friday. September’s annual inflation rate fell short of a 0.8 percent rise forecast by a Reuters poll. The index rose […]
Read MorePETALING JAYA: The expected slowdown in Malaysia’s economy is unlikely to affect the country’s sovereign ratings, according to RAM Ratings. The rating agency’s head of sovereign ratings, Esther Lai, described the impact from the projected moderation in economic growth as “transitory rather than structural”. RAM Ratings expects the Malaysian economy to grow at a slower […]
Read MoreKUALA LUMPUR (Xinhua) – Latest economic figures showed that Malaysia’s economic growth is likely to ease in December this year to February 2019, Malaysia’s Statistics Department said yesterday. The leading index, which provides a signal where the economy is heading for an average of four to six months ahead, fell 0.9 per cent year-on-year in […]
Read MorePETALING JAYA: Malaysia’s fiscal deficit could increase to 3.7%-4.6% of gross domestic product (GDP) under Budget 2019, which is the inaugural budget for the Pakatan Harapan-led government to be tabled in Parliament on Nov 2, according to AmBank Research. Noting the spike to be a “one-off” scenario, the brokerage said the fiscal deficit is expected to […]
Read MoreKUCHING: Local authorities looking to implement a digital tax on eCommerce transactions may have indirect impact on logistic players in the form of parcel delivery volume growth. The research team at Affin Hwang Investment Bank Bhd (AffinHwang Capital) in a special report said Malaysia was not alone with conventional tax mechanisms falling behind the emerging […]
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