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Volatility heightens focus on Fed statement

IT’s that time again – when Wall Street traders turn into linguists, closely parsing the text of a Federal Reserve statement for minor word changes that could offer clues about the central bank’s future monetary policies.

Luno plans launch of Malaysian HQ in 2019

KUALA LUMPUR: London-based cryptocurrency company Luno has announced plans to open a headquarters in Kuala Lumpur in the first quarter of 2019.

Tax amnesty programme will improve tax collection, says Ernst & Young

KUALA LUMPUR: The government's special programme to encourage taxpayers to declare unreported income within a limited time period to enjoy low penalty rateswill encourage voluntary disclosures and improve tax collection in the short term, says Ernst & Young Tax Consultants Sdn Bhd.

Amarjeet Singh, partner and Malaysia tax leader at Ernst & Young Tax Consultants Sdn Bhd: “Other countries such as Indonesia and Thailand have introduced similar tax amnesty programmes to positive effect."

US arms exports up 13% over 2017 as Trump champions deals

WASHINGTON: U.S. arms sales to foreign governments rose 13 percent to $192.3 billion in the year ending Sept. 30, the State Department said on Thursday, a result of looser restrictions on sales coupled with high-level efforts to close deals.