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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.
Downturns, low oil prices show weakness of current tax mix
ON Jan 2, the Finance Minister wrote an op-ed in the StarBizWeek, which amongst other things, talked about the government “executing its Medium-Term Revenue Strategy... to meet medium-term revenue goals.”
KUALA LUMPUR: The Malaysian Palm Oil Certification Council (MPOCC) has observed with great concern over the US ban on Sime Darby Plantation Bhd which cited allegations of forced labour in its production process.
TWENTY twenty was truly exceptional. What many envisioned as the year of transformation for Malaysia unfolded into an annus horribilis of economic contraction, exposed systemic issues and the vulnerable made more fragile by the Covid-19 pandemic.
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.