KUALA LUMPUR (Oct 11): Malaysia’s industrial production index (IPI) increased 2.2% in August 2018 from a year earlier as manufacturing and electricity output rose, the Statistics Department said today. In a statement today, the department said the IPI’s manufacturing and electricity segments increased 4.3% and 4% respectively while the mining component declined 4.6%. “The Department […]
Read MoreKUALA LUMPUR, Malaysia (AP) – Malaysian Finance Minister Lim Guan Eng said yesterday the government plans to introduce new tax measures to help raise funds to pay off national debt that has snowballed due to corruption under the previous government. Lim said it will take the government three years to resolve its fiscal woes due […]
Read MoreKUALA LUMPUR: Malaysia’s third push to build a national car brand may see it sourcing parts from Southeast Asian neighbors, as the region forges stronger ties to weather out the U.S.-China trade tensions. Prime Minister Tun Dr Mahathir Mohamad’s dream of developing a homegrown automotive brand has courted interest from neighboring countries, Minister of International Trade and Industry Darell […]
Read MoreKUALA LUMPUR: The government will not be able to do away with the highway toll collection due to the country’s current financial position, says Works Minister Baru Bian. Hence, it is misleading to assume that the new government will do away with toll collection in two to three months, he said on Tuesday. “We will […]
Read MoreOWNERS of Malaysia’s small- and medium enterprises (SMEs) are embracing a digital future in the hope of becoming more competitive for long-term advancement in the marketplace and being able to meet the ever-changing needs of customers. Accenture (Malaysia) country managing director Azwan Baharuddin said the importance of digital transformation for SMEs in their processes and […]
Read MorePUTRAJAYA: There are many kinds of good taxes that could be introduced to stimulate Malaysia’s economy in order to create a fair society as it strives to tide over its RM1 trillion debt, said Nobel prize-winning economist Joseph Stiglitz (pic). He cited them as inheritance taxes, capital gain taxes and property taxes for large holding properties, which were actually good for […]
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