KUALA LUMPUR: The Inland Revenue Board of Malaysia (IRBM) collected more than RM114 billion in direct taxes for 2016, slightly lower that the RM116.8 billion in 2015. Deputy Chief Executive Officer(Management) Datuk Mohd Nizom Sairi said the amount collected is also less than the RM115 billion targeted for the year following the weak economy, as […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar today after US President-elect Donald Trump made some vague pronouncements over the country’s fiscal policy, a dealer said. At 9 am, the ringgit was quoted at 4.4620/4660 versus the greenback compared with 4.4700/4730 on Wednesday. The dealer said the long-awaited news conference somewhat disappointed market […]
Read MorePETALING JAYA: The World Bank expects Malaysia’s economy to grow by 4.3% this year as adjustments to lower energy prices ease and commodity prices stabilise. This compares to the government’s expectations for the economy to grow by 4% to 4.5% this year. Malaysia’s economy expanded 4.3% in the third quarter last year and economists expect […]
Read MorePETALING JAYA: The Malaysian economy is forecast to grow at a pace of 4% in 2017, strengthening to 4.4% in 2018, said IHS Global Insight chief economist for Asia Pacific Rajiv Biswas, Improving global growth and the competitive ringgit should provide some support for Malaysia’s export-driven economy, he said, adding that with exports of petroleum […]
Read MoreKUALA LUMPUR: North American semiconductor industry companies racked up global sales of US$31bil in November last year, which was at the highest rate in nearly two years, underpinned by the Chinese market, says the Semiconductor Industry Association (SIA). The US-based SIA announced recently the November 2016 sales rose 7.4% from the US$28.9bil a year ago […]
Read MoreKUALA LUMPUR: Malaysia’s exports rebounded in November to RM72.83bil, which was an increase of 7.8% on-year, exceeding a forecast of a 2.5% increase, on higher exports of manufacturerd goods especially electrical and electronic (E&E) products. The International Trade and Industry Ministry (MITI) said on Friday imports rose 11.1% to RM63.79bil, above the survey of a […]
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