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POLICYMAKERS must figure out how to fix a shattered economy, rebuild from the impact of Covid-19 to emerge more resilient and to safeguard the economy against the next catastrophe.
KUALA LUMPUR (Bernama) - The windfall profit levy on companies is likely to give short-term gains to the country but could be detrimental in the long term and will send the wrong signal to both local and foreign investors, said the Federation of Malaysian Manufacturers (FMM).
WHILE crude palm oil (CPO) prices hit a record high on Wednesday, with three-month futures prices closing at RM5,015 per tonne, market analysts still expect CPO prices and plantation earnings to decline in 2022.
LAST week, this column highlighted Malaysia’s debt dependency and how the government should formulate a strategy to raise its tax revenue to reach 15% of gross domestic product (GDP) by 2025.
SINGAPORE: Singapore plans to import up to 4 gigawatts (GW) of low-carbon electricity by 2035, or about 30% of its total supply, trade and industry Minister Gan Kim Yong said on Monday, to diversify supply and boost energy security.
WASHINGTON: Ford Motor Co, charging forward with big investments in electric vehicles (EVs), raised its full-year profit forecast and said it will restore its dividend, sending the stock soaring by as much as 9.5%.
THE government under Budget 2022 has proposed to increase the threshold price for crude palm oil (CPO) windfall profit tax (WPT) structure for local plantation companies.
KUALA LUMPUR: Malaysia can recoup at least RM8.5 billion in additional revenue through the Cukai Makmur corporate tax measures, said Rakuten Trade Sdn Bhd.