PETALING JAYA: Bank Negara is recommending that employers provide a living wage that better reflects the cost of living. The central bank had commissioned a report based on a survey of the cost of living in Kuala Lumpur. The survey showed that in Kuala Lumpur, the provisional estimates of a living wage ranged between RM2,700 […]
Read MoreThree retail associations on Wednesday submitted an open letter to Prime Minister Prayut Chan-o-cha, calling on the government to revise the terms of reference (ToR) for the duty-free shop concession at Suvarnabhumi and Don Mueang airports, which are due to expire in 2020, allowing greater competition. The three associations are the Thai Retailers Association (TRA), the […]
Read MoreSINGAPORE: The Goods and Services Tax (GST), also known as the Value-Added Tax (VAT), has been implemented in most countries globally as a source of revenue. Malaysia, is thus, no exception. Depending on the country, the rate can be as high as 28 per cent and Malaysia is among those to have implemented the consumption […]
Read MoreTRANSACTIONS involving cryptocurrencies, including digital tokens, will be subject to a 15 per cent withholding tax under a measure approved by the Cabinet yesterday. Finance Minister Apisak Tantivorawong said the Cabinet approved the draft bill on digital asset business – after it was examined by the Council of the State – before forwarding it for […]
Read MoreThe Hanoitimes – Vietnam`s GDP growth rate in the first quarter of 2018 is expected to reach a 10-year high with over 7%, stated in a report of the Ministry of Planning & Investment (MPI) on March 27. Industry – construction, as stated in the report, are considered the driving force for economic growth with increasing […]
Read MoreGood corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” companies, […]
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Thailand
