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Uganda leader says social media used for 'lying', defends tax for access

KAMPALA (Reuters) - Uganda's President Yoweri Museveni has defended the country's new social media tax, saying Ugandans were using such platforms for "lying", and squandering the nation's hard currency on fees to foreign-owned telecoms firms.

Ugandan groups file court challenge against social media tax

KAMPALA (Reuters) - Uganda's new tax on social media access limits basic rights and harms business, according to a petition filed by activists to the constitutional court against a levy that civic groups and opposition parties say is onerous.

Analysts remain ‘overweight’ on oil and gas

PETALING JAYA: Analysts are maintaining an “overweight” call on the oil and gas sector in view of stabilising crude oil prices and reimposed sanctions on Iran and Venezuela.

Experts suggest ways to raise revenue

KUALA LUMPUR: Raising money should be on top of the Government’s agenda as it figures out how to repay the mammoth RM1 trillion worth of debt that it has uncovered since winning the 14th General Election.

Analyst report: Oil & Gas

FIRST quarter 2018 (Q1’18) results for the eight stocks under AmInvestment Bank’s coverage were fairly decent as five companies came in within expectations with two below.

Uganda imposes tax on social media use

Uganda's parliament has imposed a tax on the use of social media in a bid to raise revenue but opponents of the law say it aims to stifle criticism of President Yoweri Museveni, who has been in power since 1986.

Uganda imposes tax on social media use

KAMPALA (Reuters) - Uganda's parliament has imposed a tax on the use of social media in a bid to raise revenue but opponents of the law say it aims to stifle criticism of President Yoweri Museveni, who has been in power since 1986.

Saudis move to push oil prices higher, in break from past policy

Crown Prince Mohammed is behind the move, which aims to raise revenue as his government seeks to carry out a wide-ranging economic overhaul

Indonesia goes hi-tech in hunt for tax assets

Tax office to update outdated technology to increase collection

Sarawak finding ways to increase revenue

KUCHING: The Sarawak government is reviewing constitutional provisions to see where it can exercise its rights to increase revenue for the state.