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PETALING JAYA: Rubber gloves and manufacturing players are expecting a hit to their earnings following a ruling that they are now fully accountable for their foreign workers’ levy.
KUALA LUMPUR: The new foreign worker levy could see local construction players being hit with an additional annual cost of around RM2bil.
PETALING JAYA: The International Air Transport Association (IATA) has expressed disappointment with the passing of the Departure Levy Bill by Dewan Rakyat, and is urging for its implementation to be reconsidered.
CANBERRA: Australia’s Treasurer Chris Bowen has confirmed he was in discussion with banks about a possible new levy to protect customer deposits as the government seeks new revenue to shore up its budget.
JAKARTA: An Indonesian government decision to lower the levy on crude palm oil (CPO) exports to zero would remove incentives for local refiners, a palm industry refiner body said on Tuesday.
NICOSIA: The Cypriot parliament will not debate a possible levy on bank deposits until after finance ministers of the 17-nation euro zone meet on Sunday, a senior lawmaker said on Saturday.
PETALING JAYA: An additional 1% levy to cover cost associated with the feed-in tariff (FiT) scheme for renewable energy (RE) will be suggested next year on top of the 1% levy to be implemented from Sept 1, says Energy, Green Technology and Water Ministry (KeTTHA) deputy secretary-general Badaruddin Mahyuddin.
PUTRAJAYA: The Sustainable Energy Development Authority (Seda) is seeking an additional 1% levy to the renewable energy (RE) fund, on top of the current 1% imposed in electricity bills, according to CEO Datin Badriyah Abdul Malek.
KUALA LUMPUR: The higher levy imposed on foreign workers could possibly cut plantation companies’ 2016 earnings by between 1% and 8%, as historically planters have absorbed the levy costs.