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Muhyiddin’s address at National Recovery Summit gives confidence in country's fight against Covid-19, says think tank CEO
PETALING JAYA: National Recovery Council (NRC) chairman Tan Sri Muhyiddin Yassin’s address at the National Recovery Summit (NRS) gives confidence that Malaysia’s fight against Covid-19 will not be derailed despite recent changes in government leadership, says Azril Mohd Amin.
EMPLOYERS must not deduct the salaries of their employees who have contracted the Covid-19 virus, urged Datuk Abdul Halim Hussain.
In Q1 2021, Malaysia saw RM80.6bil worth of approved investments in the manufacturing, services and primary sectors.
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.
FACED with a yearly budget deficit, narrow-tax base and rising expenditure, the government has to undertake a tax reform to broaden its revenue base. The move is to be accompanied by expenditure rationalisation to achieve its medium-term fiscal consolidation and deficit reduction target.
There are many examples of economies that have managed to break through the middle-income trap which Malaysia can emulate, experts said.
Priority on high-value added projects for technology transfer
Group plans 16 manufacturing facilities over 2 decades