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Malaysian finance/business

While quite a few developed nations have their highest income tax rate at around 40-50 per cent, Malaysia has been steadily reducing its income tax and corporate tax rates. No wonder we have been posting persistent fiscal deficits. Aggravating...
A small victory for People Power The scary project Some positive news from Chee Seng Garden in Tanjung Bunga, Penang, after the 'miraculous' flooding on hill-slopes (caused by hill-slope apartment/condo projects). The MPPP has said there will be no more projects...
It looks as if we have to wait a bit longer to find out who has clinched the bid to take over Khazanah Nasional Berhad's 32 per cent stake in Pos Malaysia. Pos Malaysia is a valuable public...
The International Monetary Fund's World Economic Outlook report for 2009 is just out here. It projects the Malaysian economy to contract by 3.5 per cent in 2009 (compared to -2.8 per cent for the US and -1.3 per cent for...
Whenever I see the word "foundation", my antenna is inclined to buzz. On 11 January, Bernama reported that PM Najib had announced the "establishment of Yayasan 1MDB to manage a RM100 million Corporate Social Responsibility (CSR) Fund". The 1MDB Foundation will...