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JAKARTA (The Jakarta Post/ANN): Indonesia needs broad-based tax reform to boost its revenue in the long run so that the country can minimise the impact of spending adjustments and fund its development projects, the International Monetary Fund (IMF) has said.
HONG KONG (AFP): Asian markets retreated Thursday (Oct 22) as the chances of a pre-election stimulus package from Washington dimmed, with Democrats and Republicans struggling to bridge their differences.
KUALA LUMPUR: Bursa Malaysia started Thursday on a cautious note after the selling the previous day with Maybank and Hong Leong Bank posting some losses but gloves edged higher.
NEW YORK: Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.
NEW YORK: Wall Street's three major averages closed lower on Wednesday after a volatile trading session, as investors worried whether difficult negotiations in Washington would produce a deal for a fresh U.S. coronavirus stimulus package.
JOHOR BARU: Iskandar Malaysia has recorded RM322.1bil in total cumulative investments until June this year and helped create more than 750,000 jobs within the southern economic corridor.
KUALA LUMPUR: The Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the third quarter (Q3) of 2020, settling at 86.3 points compared with a major drop of 22.0 points in Q2, indicating a boost in manufacturers’ confidence level.
PETALING JAYA: An extension of the sales tax exemption on new vehicles will help boost demand for cars next year, as the rise of Covid-19 infections could hamper car sales in the near-to-medium term.
PETALING JAYA: Almost RM12bil in wage subsidies has been approved under the Wage Subsidy Programme, says the Finance Ministry.
JOHOR BARU: Iskandar Malaysia has recorded RM322.1bil in total cumulative investments until June this year and helped create more than 750,000 jobs within the southern economic corridor, says Prime Minister Tan Sri Muhyiddin Yassin.