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SYDNEY: Australia’s Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725mil (US$535mil), it said yesterday, further trimming its portfolio to beef up capital and focus on local business.
BEIJING: Consumption is expected to see a robust uptrend in China next year on the back of strong domestic demand and various other measures, officials from the Ministry of Commerce said.
THE narrow tax base has been a bane for the government, with constricts on the tax base having resulted in a very low taxable percentage compared with gross domestic product.
BEIJING/SHANGHAI: As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editions of fiery domestic liquor Moutai, not to drink but to hold onto as a rapidly appreciating investment.
ALPHABET Inc’s deeper dive into the US financial system shouldn’t come as much of a surprise. Technology giants have found a way into all corners of people’s lives; the latest plan to offer consumers new forms of bank accounts is simply one of the final frontiers
PUTRAJAYA: The government hopes that the Inland Revenue Board (IRB) is able to collect its tax collection target of RM127 billion this year, as well as the direct tax collection target of RM143.9 billion for 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
KUALA LUMPUR (Bernama) -- The Employees Provident Fund (EPF) will announce the details of access to the members' Account 1 facility, known as i-Sinar, on Nov 18, 2020 (Wednesday).
BRUSSELS/WASHINGTON: The European Union is poised to move next week to impose tariffs on $4 billion of U.S. imports in retaliation for U.S. subsidies for planemaker Boeing, EU diplomats said, teeing up an eleventh-hour showdown with U.S. President Donald Trump.