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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.
PETALING JAYA: Incessant illicit trade and stringent regulatory risks could potentially cap the long-term growth of the Malaysian tobacco industry, says Affin Research.
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.
THE Government is toying with the idea of introducing several major reform measures in its recalibrated Budget 2016 next week, sources tell StarBizWeek.
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.
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.
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.
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.
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.