KUALA LUMPUR: Ahead of Budget 2020, prominent economist Prof Jomo Kwame Sundaram has called for “smart taxation” in Malaysia, which aims to increase the country’s tax collection without hiking tax rates. Speaking to reporters at a media briefing, he said that it was important for the government to reduce or eliminate unnecessary tax exemptions offered […]
Read MoreThe Asian Development Bank (ADB) is looking to co-financing deals of mass transit, double-track rail and renewal energy projects with the Thai companies, said Hideaki Iwasaki, the bank’s country director in the Kingdom. He said Thai government is in a strong fiscal position and has not borrowed much from the ADB. However, The ADB has provided loans to […]
Read MoreSWEDISH home furnishing retailer Ikea achieved a turnover of S$341 million in Singapore for fiscal 2019 ended Aug 31. For the wider South-east Asia region, total revenue climbed by 20 per cent to reach S$1.21 billion for FY2019 from S$1 billion a year ago, according to the regional financial results released on Wednesday evening by […]
Read MoreThe Bank of Thailand (BoT) left its benchmark interest rate unchanged after last month’s surprise reduction, and said it may consider steps to rein in the currency’s strength as economic growth weakens. The Monetary Policy Committee voted unanimously Wednesday to hold its key rate at 1.50%, the central bank said in a statement. That was […]
Read MoreCambodia is making inroads in terms of competitiveness into the global tourism stage. In the latest edition of the Travel and Tourism Competitiveness Index (TCCI), released by the World Economic Forum (WEF) this month, Cambodia went up three places. The Kingdom is now ranked 98 in the world. The WEF releases the report every two […]
Read MoreThe government is set to announce next month the basic price of rice in the coming rainy season and is expected to allow exports of raw rice if the prices in the local market drop too low in order to stabilise the country’s staple food, a senior commerce official said. Deputy Minister of Commerce U […]
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