KUALA LUMPUR: Malaysia is on track to achieve budget deficit of 3% of GDP this year, says Treasury Secretary-General Tan Sri Dr Mohd. Irwan Serigar Abdullah. Malaysia studying ways to tax companies that have business in country but book their revenue overseas, he said at a conference. He was citing examples of Facebook, Uber and […]
Read MoreMalaysia has proposed to Thailand a linkage between a deep sea port in Thailand’s Songkhla province and an international port in Malaysia’s Penang in order to shorten export time, said Thai Deputy Prime Minister Somkid Jatusripitak. A discussion on the proposal was held between Somkid and Malaysia’s second Finance Minister Johari Abdul Ghani yesterday, aimed […]
Read MoreKUALA LUMPUR: The ringgit was easier against the US dollar early Thursday on subdued demand for the local currency, as investors eye the release of key US inflation data Thursday At 9 am(0100 GMT), the local unit was quoted at 4.1960/2000 against the greenback from Wednesday’s close of 4.1900/1940. A dealer said US inflation data […]
Read MoreKUALA LUMPUR: The ringgit was slightly higher against the US dollar and other major currencies early Wednesday on renewed demand for the domestic unit, a dealer said. At 9.00 am(0100 gmt), the local unit was quoted at 4.2050/2080 against the greenback from Tuesday’s close of 4.2060/2090. The dealer said the ringgit’s rebound was due to oil […]
Read MoreMANILA, Philippines — Kuala Lumpur-based RAM Rating Services Bhd upgraded the credit rating outlook of the Philippines to positive from stable amid the Duterte administration’s bold infrastructure agenda and efforts for tax reform, alongside robust economic growth and strong external payments position. The Malaysian debt watcher said the country’s outlook was upgraded to reflect the […]
Read MoreKUALA LUMPUR: Malaysia’s total palm oil stocks in August 2017 rose 8.79% to 1.94 million tonnes from 1.78 million tonnes in July. Crude palm oil (CPO) stocks also increased by 12.58% to 1.06 million tonnes during the month from 938,502 tonnes in the preceding month. Stocks of processed palm oil increased 4.59% to 885,430 tonnes […]
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