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THE current worldwide trend is shifting from direct tax to indirect tax by decreasing direct tax rates and increasing value-added tax (VAT) as well as goods and services tax (GST) rates.
SHANGHAI: Index provider FTSE Russell has given its final approval for Chinese sovereign bonds to be included in its flagship bond index from later this year, setting the stage for billions of dollars of inflows into the world's second-largest economy.
PETALING JAYA: The Prihatin Special Grant (GKP) 3.0 is expected to benefit almost 1.2 million local micro small and medium enterprises (SMEs) with an additional allocation of RM1.2bil.
BEIJING: China has announced key measures to promote the use of manufacturing services for the transformation and upgrade of the manufacturing sector and to foster high-quality development over the next five years.
NEW YORK: The International Monetary Fund’s (IMF) board conveyed broad support for drafting a proposal to create US$650bil (RM2.68 trillion) in additional reserve assets to help developing economies cope with the pandemic, with an eye on considering a formal plan by June.
BEIJING: The People’s Bank of China (PBoC), the central bank, has decided to adjust its monetary policy framework by including climate change-related factors, an indication that policymakers are focusing more on sustainability and financial stability as the economy continues to recover from Covid-19 shocks, experts said.