Consumers in China will be able to taste fresh pineapples from Malaysia soon when the country starts importing the fruits, likely next month. Malaysia Pineapple Industry Board director-general Sahdan Salim said both countries were currently finalising details on the quarantine procedures imposed by China authorities. He said both countries had signed an agreement in 2013 […]
Read MoreKUALA LUMPUR: Broad money or M3 recorded a stable annual growth of 3.0% in December, compared with 2.9% in November. In a statement, Bank Negara said the expansion in M3 was driven mainly by the continued extension of credit to the private sector by the banking system. The expansion, however, was partially offset by the […]
Read MoreCROSS-border taxation in current times is poised for significant changes. Tax is key in foreign ventures. Absent tax strategies and foreign tax leakages would erode margins and return of investment. Although international tax-efficient strategies to mitigate capital gains tax (CGT), withholding tax (WHT) and the risk of creating a taxable presence (also known as permanent […]
Read MoreKUALA LUMPUR • Malaysia’s central bank kept its benchmark interest rate unchanged for a third straight meeting to help bolster the currency as policymakers in emerging economies gird themselves for tighter United States monetary policy. Bank Negara Malaysia held its key rate at 3 per cent, it said in a statement yesterday. The ringgit has […]
Read MoreKUALA LUMPUR: Higher food prices pushed December’s inflation rate up 1.8% from a year ago but the increase was slightly lower than a Bloomberg survey of a 1.9% rise. The Statistics Department said the overall index for the Consumer Price Index (CPI) increased by 1.8% to 116.9 in December 2016 from 114.8 a year ago. […]
Read MoreKUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) has forecast a gross domestic product (GDP) growth of 4.5% for Malaysia this year against an estimated growth of 4.2% projected for 2016. Executive director Dr Zakariah Abdul Rashid said the projection was based on the country’s healthy trade balance in September, October and November last […]
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