One of the factors contributing to the persistent fiscal deficit in Malaysia has been the deliberate and gradual reduction of income tax rates over the years. From a fairly progressive tax system, Malaysia has moved towards a regressive tax system....
The economic tsunami has reached our shores. Regionally, the numbers look dismal: Singapore is experiencing its worst downturn in post-war years, Korea down over 5 per cent of GDP, Japan exports down 35 per cent, China growth down to...
This is Najib speaking at the UN general assembly, where he delivered an impassioned speech about the need to oppose extremism. (Check out 2:45 in the video to see the other Malaysians at the UN.) All well and good,...
On 4 December 2009, Sime Darby Bhd, through its plantation arm, Sime Darby Plantation Sdn Bhd, bought the entire issued and paid-up capital (50,000 shares of RM1 each) of an obscure new company, Nature Ambience Sdn Bhd, for RM16.8...
At a recent talk on the GST, I asked those present what they thought “GST” stood for. Most of those present responded, “Goods and Services Tax”. Then, I showed them a cartoon by Zunar which described GST as “Golfing, Shopping,...