KUALA LUMPUR: The Royal Malaysian Customs Department plans to amend the goods and services tax (GST) Act to enable the Government to collect taxes from foreign companies operating in Malaysia under the digital economy. According to Customs Department director-general Datuk Seri Subromaniam Tholasy, the amendments will allow the Government to tap a segment that is […]
Read MoreHANOI – Improving the quality of domestically-produced goods is critical for Vietnam to compete with imported products and narrow the trade deficit with Thailand, according to the Ministry of Industry and Trade (MoIT). Statistics from the ministry’s Department of Asia and Africa Markets showed that Vietnam ran a trade deficit of US$3.5 billion with Thailand […]
Read MoreTHE electronics manufacturing sector is a bright spot for jobs amid rapid technological development and greater consumer demand for devices and gadgets, said NTUC assistant secretary-general Patrick Tay in a Facebook post on Tuesday. Mr Tay, also the director of future jobs, skills and training (FJST) department, said that the electronics manufacturing sector employs 68,000 […]
Read MoreThe Finance department will keep pressing the Senate to approve the entirety of tax reforms deemed crucial for the government’s infrastructure push. “We respect the Senate — the legislature — that is obviously what they perceive their function to be. Of course we will continue trying to convince them that what is required is a […]
Read MoreTEMPO.CO, Jakarta – Nurmayanti, head of product standardization for the Environment and Forestry Ministry, said that her office is preparing a regulation that would offer incentives to eco friendly companies. “Pending the President’s approval,” she was quoted as saying by Metropole yesterday. According to Nurmayanti, the regulation will take the form of a government regulation on economic […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures had their sharpest daily fall in a month late on Monday, marking their third straight session of losses, tracking weakness in related edible oils and as a stronger ringgit weighed on the market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,805 ringgit ($669.93) a […]
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