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MUMBAI: Billionaire Mukesh Ambani’s debt-fuelled bet on the rise of the Indian consumer is starting to pay off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his US$87bil empire.
BANGALORE: Reliance Industries Ltd will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, sketching out an ambitious plan to take on Amazon.com Inc and Walmart Inc’s Flipkart on its home turf.
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.
Comment - By Anthony Dass NOV 2, 2019 was a historic day for Malaysia.
* Federal Government’s debt and liabilities up to end June 2018 stood at RM1.065 trillionl, which is about RM350bil higher than the amount officially disclosed by the previous government.