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Business 13 Nov 2014 | 6:59 AM

Report: Oil price slump means Asia, including M'sia, can cut costly fuel subsidies

LAUNCESTON, Australia: The 25 percent drop in Brent crude so far this year is providing an unparalleled opportunity for Asian governments to scale back or end fuel subsidies.

Corporate News 14 Mar 2015 | 12:00 AM

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.

Markets 13 Aug 2015 | 12:00 AM

Affin Research: Illicit cigarette market likely to grow

PETALING JAYA: Incessant illicit trade and stringent regulatory risks could potentially cap the long-term growth of the Malaysian tobacco industry, says Affin Research.

Corporate News 15 Dec 2015 | 5:14 AM

Epic sets RM1b revenue target for 2016

KUALA TERENGGANU: State-linked corporation EPIC Eastern Pacific Industrial Corporation Bhd (Epic), a service and facility provider for the oil and gas industry, has set a revenue target of RM1 billion through its subsidiaries next year despite slumping oil prices.

Economy 23 Jan 2016 | 12:00 AM

Govt may review Labuan status and auction off spectrum to raise revenue

THE Government is toying with the idea of introducing several major reform measures in its recalibrated Budget 2016 next week, sources tell StarBizWeek.

Economy 23 Jan 2016 | 12:00 AM

Quick revenue boost from lifting of Labuan tax-free status

THE lifting of Labuan’s tax-free haven status starting with alcoholic beverages, should it happen, is a quick way to boost Government coffers, although the overall impact may not be too significant.

Business 03 May 2016 | 12:00 AM

Sri Lanka seeks to raise US$685mil in revenue from taxes

COLOMBO: Sri Lanka is seeking to raise 100 billion rupees (US$685.6mil) in revenue in 2016 by increasing the value added tax (VAT) and new taxes effective from Monday, Finance Minister Ravi Karunanayake (pic) said late on Sunday.

Auto 11 Feb 2017 | 12:00 AM

Can Proton do it this time?

A NEW technical partner for Proton Holdings Bhd could be a catalyst for DRB-Hicom Bhd. For one thing, it would reduce the impact of Proton’s losses on DRB-Hicom.

Business 20 Mar 2017 | 12:00 AM

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.

Business 12 May 2017 | 12:00 AM

Nissan sees surprise drop in profit with new CEO at helm

TOKYO: Nissan Motor Co forecast a surprise drop in annual profit on expectations for higher raw material costs and a stronger yen, and as price competition increases in the US and China.