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Malaysia: Casino, aviation, property sector’s earnings dented by new measures

KUALA LUMPUR: The key surprises in the Budget 2019 proposals are higher gaming tax and real property gains tax (RPGT), says CIMB Equities Research. It said on Monday the sector winners include healthcare and tobacco, while casino, aviation and property sectors are likely to see some dent to their earnings. “The key measures from the Budget could lower our 2019 FBM KLCI earnings growth forecast by one […]

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Thailand businesses urged to innovate to survive

SMART machines, digital technology and global oversupply have prompted businesses and industries to find their “blue oceans”, according to Professor W Chan Kim, director of the INSEAD Blue Ocean Strategy Institute. Kim, who is also co-author of the 2017 book “Blue Ocean Shift”, said at th recent Krungsri Business Forum in Bangkok that the global output of goods will continue rising […]

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Brunei 55th in ease of doing business: World Bank

Brunei has risen to 55 out of 190 economies in the World Bank’s latest rankings for ease of doing business, an improvement of one spot from the year prior. The Sultanate’s score of 72.03 percent is the fourth highest amongst ASEAN countries, behind Thailand, Malaysia and Singapore who came second overall for the third consecutive […]

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Vietnam: Decree against transfer pricing of foreign multinationals hurts local firms

The Hanoitimes – Major Vietnamese corporations said that the regulation has discouraged them from investing. A Vietnamese decree is in place to tackle transfer pricing abuse by firms, especially foreign multinational companies, but local enterprises complain they are caught in the crossfire. Decree No. 20/2017/ND-CP, which came into force in May 2017, regulates that interest expenses […]

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