KUALA LUMPUR: EcoFirst Consolidated Bhd is hopeful that the government will not introduce any additional real estate taxes in the upcoming 2019 Budget. Group chief executive officer Datuk Tiong Kwing Hee said the additional tax could weigh heavily on the current sluggish property market. “We believe continued focus on housing affordability is still needed and […]
Read MoreTHE Urban Redevelopment Authority’s (URA) rental index of retail space in the central region of Singapore slipped 1.2 per cent in the third quarter of 2018 over the previous three months. This follows a 1.1 per cent quarter-on-quarter decline in the previous quarter. However, URA’s price index of retail space in the central region rose 0.3 per cent quarter on quarter in […]
Read MoreMANILA, Philippines — A local think tank has urged government to justify new or increased taxes particularly those with inflationary effects. During an economic forum Wednesday, Dindo Manhit, president of policy research body Stratbase ADR Institute, said the government must first plug loopholes in collection before legislating more tax measures. “With regard to the government’s tax reform program, the […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index in September rose 0.3 percent from a year earlier, a marginal acceleration from a month ago when it hit its lowest pace in three-and-a-half years, government data showed on Friday. September’s annual inflation rate fell short of a 0.8 percent rise forecast by a Reuters poll. The index rose […]
Read MoreBorder and transit trade between Thailand and neighbouring countries grew by 6.1% year-on-year in the first nine months of 2018, with Malaysia ranked as the top bilateral trading country, says the Foreign Trade Department. Thailand’s border and transit trade value stood at a combined 1 trillion baht from January to September, said Adul Chotinisakorn, director-general of […]
Read MoreThe government has long planned to collect taxes from e-commerce companies, but officials have hinted that the Finance Ministry will not issue a specific regulation on the digital business anytime soon. The head of the Finance Ministry’s state revenue policy center, Rofyanto Kurniawan, said in Jakarta on Thursday that his office was focusing on helping […]
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