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KUALA LUMPUR (Bernama) -- The tax exemption on vehicle sales announced today is expected to revitalise demand and spur the industry in the coming quarter, after experiencing a sharp downturn.
KUALA LUMPUR: Malaysia's economy slowed down to 0.7% in the first quarter as it was significantly impacted by the measures to contain the Covid-19 pandemic but Bank Negara Malaysia expects the adverse effects to be seen more in the second quarter.
THE Safety Glass Processors Association of Malaysia (SGPAM) fully acknowledges the Government’s timely and proactive response by the unveiling of the Prihatin Rakyat Economic Stimulus Package and it is reassuring to note that the people’s interests are being taking into account and addressed.
PETALING JAYA: Malaysia may need to recalibrate Budget 2020 if oil prices continue to persist at current levels, with a risk of sinking further.
The new Prime Minister needs to move fast to spur growth and lay the foundation for a better tomorrow
KUALA LUMPUR: The Pakatan Harapan (PH) coalition has made significant strides in improving Malaysia's governance standards since taking office, which has helped to bolster the country's credit rating, Fitch Ratings says
PETALING JAYA: The recent Budget 2020 announcement was received with welcome by some of the country’s leading businesses in various industries.
KUALA LUMPUR: Malaysia's well-diversified export base will help the economy maintain a relatively strong growth despite global trade tensions, Fitch Ratings says.
Federal Govt Budget RM297.02bil of which 45.1% will come from income tax; non-tax revenue 18.4%, borrowings 17.7%, indirect tax 15.9% and other direct tax 2.9%.
KUALA LUMPUR: The government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers, says the World Bank Group.