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Metro News

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.


Recession hits transit budgets despite rising need in US

BOSTON: Cash-strapped and debt-ridden, public transit systems across America are trimming service, raising fares and postponing badly needed upgrades just to maintain daily operations, even as rising gas prices increase demand and experts call modernization critical to cities' futures.


Fitch cautions about Malaysia's high public debt

KUALA LUMPUR: Fitch Ratings cautions about negative rating implications if Malaysia's already high public debt increases over the medium term.


UK spending cuts possible to offset tax U-turn

LONDON: UK chancellor of the exchequer Philip Hammond suggested he may have to make spending cuts in his autumn budget to fill the gap in public finances created when he was forced to scrap his plan to raise insurance taxes for the self-employed.


MODIfying India

THE three population giants in Asia – China, India and Indonesia – have now in place three leaders who are deeply committed to reforms – namely Xi Jinping, Narendra Modi and Jokowi.


Dr Wee: Third national car ironic in view of new taxes mulled by Pakatan

PETALING JAYA: Instead of introducing new taxes, the Pakatan Harapan government should focus on enhancing its spending efficiency and introducing business-friendly policies to help local businesses flourish, says Datuk Seri Dr Wee Ka Siong.

Business Premium

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