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Sunway Group founder views Malaysia at tipping point, Budget and 12th Malaysia Plan, Pos Malaysia, Malaysia My Second Home
KUALA LUMPUR: The government is considering measures to increase tax revenue through increased tax compliance as well as address the issue of revenue leakages, especially involving the smuggling of high-duty goods estimated at RM5 billion per annum.
BANDAR SERI BEGAWAN: Brunei reported 42 new coronavirus cases on Monday, a record daily tally, following the detection over the weekend of the Southeast Asian country's first locally transmitted COVID-19 cases in 15 months.
SINCE the implementation of the full movement control order under phase 1 of the National Recovery Plan starting June, there have been growing calls for the government to dish out more stimulus through direct fiscal injection to shelter the economy, households and businesses from the ravaging impact of the Covid-19 pandemic.
Tunisia: After years of war in Libya, Tunisian traders celebrated the reopening of the border with their oil-rich north African neighbour as a positive sign they hoped would stimulate economic growth.
INDUSTRIES like alcohol, tobacco and gaming remain essential contributors to the Malaysian economy and the government must do more to ensure that these industries are not severely disrupted by the Covid-19 pandemic.
NEW YORK/LONDON: Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.
LONDON: The financial hit of the Covid-19 pandemic has slowed efforts by central banks in a range of countries to unify parallel exchange rates, leaving states such as Lebanon and Iran with currency black markets that cause more economic damage, a study found.
FACED with a yearly budget deficit, narrow-tax base and rising expenditure, the government has to undertake a tax reform to broaden its revenue base. The move is to be accompanied by expenditure rationalisation to achieve its medium-term fiscal consolidation and deficit reduction target.