KUALA LUMPUR: Malaysia should take the opportunity from the current gloomy global economic environment to consolidate the country’s fiscal condition, says World Bank Chief Economist for East Asia and Pacific Region Sudhir Shetty. He said Malaysia should look at long-term economic sustainability instead of propping up growth in the short-term. “It’s time to consolidate on […]
Read MoreKUALA LUMPUR: Enhanced technology, a strong workforce and critical technical skills are among the requisites needed for Malaysia to roar once again as one of the “Asian Tigers”, trailing the path of the awakened “Sleeping Dragon”. Market observers opined that Malaysia must strengthen its technological capacity, as well as its workforce by increasing the wages […]
Read MoreBANGI: The number of registered tax payers aged 40 and below have increased to 3.61 million for the 2017 assessment year from 3.58 million in 2016, said Inland Revenue Board (IRB) Chief Executive Officer Datuk Seri Sabin Samitah. “This shows that IRB’s tax education programme is effective and has successfully achieved its objective which is […]
Read MoreKUALA LUMPUR: About 13.7 million Malaysians are still not covered by any form of social security protection, says Datuk Seri Dr Wan Azizah Wan Ismail. The Deputy Prime Minister said the figure was alarming and the situation needed to be addressed. According to the January 2018 data of the Statistics Department, the country has 15.19 […]
Read MoreKUALA LUMPUR: The government’s hands are tied as far as house prices are concerned. Finance Minister Lim Guan Eng said the government can only help reduce the cost of developing houses through measures such as the exemption from the Sales and Service Tax (SST). However, the price of land, which is an integral component of developments, is out of […]
Read MorePETALING JAYA: While Malaysian banks are generally strong enough to withstand any potential shocks, they still need to be cautious on the risks of asset deterioration. According to analysts, banks in the country remain exposed to a potential increase in gross impaired loans (GIL) and credit costs that could weigh on their earnings growth. CIMB Research, for one, has projected that the industry’s GIL would […]
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