The Malaysian government will be able to increase its revenue for the country’s spending without bringing back the Goods and Services Tax (GST), by opting to instead hike the service tax to 8 per cent …
Islamic finance and business: Understandings from Sharia law
According to the Islamic Finance Development Report 2019, the Islamic finance industry’s assets increased by 3% in 2018 to $2.5 trillion from $2.4tn in 2017. Iran, Saudi Arabia, and Malaysia were the …
Malaysia says TikTok fails to fully comply with local laws
TikTok has not done enough to curb defamatory or misleading content in Malaysia, the communications minister said on Thursday, adding that the short video application had also failed to comply with several,
Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it’s premature
The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund.
TikTok to take proactive steps to address issues in Malaysia
Short video app TikTok is committed to taking proactive measures to address issues raised by Malaysia, a spokesperson said, after its government said the app was not fully compliant with local laws.
Rehda voices concern over 4% MOT stamp duty on foreign property purchase in Malaysia
The Real Estate And Housing Developers’ Association Malaysia (Rehda) expressed concern over the government’s plan to introduce a 4% flat rate for the stamp duty on memorandum of transfers (MOT) on …
PropertyGuru Malaysia lauds 4% stamp on housing transactions amid consumer-demand price mismatch
PropertyGuru Malaysia lauded the government’s decision to impose a 4% stamp duty on any housing transactions involving non-Malaysians or private foreign organisations, except for permanent residents, …
Budget 2024: Reactions from property sector
THE outlook of the property sector remains optimistic, with Bank Negara Malaysia’s announcement in September to maintain its overnight policy rate (OPR) at 3% and expectations that the OPR will remain …
Absence of 1MDB Debt Lets Malaysia Lower 2024 Budget Deficit
Malaysia’s government plans to reduce its budget deficit in 2024 through a combination of spending cuts, new taxes and reduced debt payments, as Prime Minister Anwar Ibrahim steps up efforts to …
Malaysia’s domestic demand projected to grow by 5.3 pct next year – Finance Ministry
KUALA LUMPUR – Malaysia’s domestic demand is projected to expand by 5.3 per cent in 2024, the Finance Ministry (MoF) said in its Economic Outlook 2024 report released today. The expansion is …