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RISING global oil prices amidst increasing Covid-19 vaccination rates and anticipated higher world economic growth rates in 2022 are brightening the outlook for Malaysia’s oil and gas sector, say research analysts.
NEW YORK: The Organisation of Petroleum Exporting Countries (Opec) and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video conference.
THE Organisation for Economic Co-operation and Development (OECD) has recommended that the goods and services tax (GST) be reintroduced in Malaysia, as part of the country’s medium term fiscal strategy. GST was replaced with the sales and service tax (SST) regime in September 2018.
KUALA LUMPUR: The government is mulling over various tax reform ideas, including the re-introduction of the goods and services tax (GST) and adjusting the corporate tax at an appropriate time, according to Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
KUALA LUMPUR: The Organisation for Economic Co-operation and Development (OECD) has recommended that Malaysia bring back the Goods and Services Tax (GST) as part of its medium-term fiscal strategy.
KUALA LUMPUR: The Organisation for Economic Co-operation and Development (OECD) has projected the Malaysian economy to grow by 4.3 per cent in 2021 and 6.1 per cent in 2022.
LONDON: The Bank of England (BoE) should not cut back on stimulus too early, a top economist who will soon join the BoE’s rate-setting committee said, underscoring a divide among UK policymakers about how to respond to rising inflation.
HONG KONG: Surging house prices across much of the globe are emerging as a key test for central banks’ ability to rein in their crisis support.
NEW YORK: In a move to kickstart the energy transition globally, the Ikea Foundation and the Rockefeller Foundation have announced that they will each donate US$500mil (RM2.08bil) to support distributed renewable generation projects in developing nations.