KUALA LUMPUR (April 21): The Edge weekly in its latest edition discusses the case for tax reform in Malaysia.
In its cover story, the Edge’s Cindy Yeap wrote that changes to the country’s tax regime are on the cards, whoever wins the upcoming 14th general election (GE14).
The weekly said that in its GE14 manifesto, the ruling Barisan Nasional coalition mentions a revision of individual and corporate income taxes to ensure Malaysia remains competitive regionally while the opposition Pakatan Harapan wants a holistic review of the national tax system.
PUTRAJAYA (May 23): Malaysia’s public sector will undergo a downsizing process as part of the federal government’s plan to cut spending, amid increasing burden towards the nation’s financial health, said Prime Minister Tun Dr Mahathir Mohamad.
This was resolved at the first cabinet meeting held by the new Pakatan Harapan federal government earlier today, Dr Mahathir told reporters at the Prime Minister’s Office.
KUALA LUMPUR: Malaysia's state investment firm 1Malaysia Development Berhad (1MDB) is insolvent, unable to service its debt and its president's position is being reviewed, said Finance Minister Lim Guan Eng on Wednesday (May 23).
In a scathing statement after meeting with 1MDB's Board of Directors ...