Malaysia will cut subsidies and tax luxury goods as it unveils a 2024 budget narrowing the deficit

Malaysian Prime Minister Anwar Ibrahim says subsidies will be progressively cut and new taxes launched next year as part of the 2024 federal budget ByThe Associated Press October 13, 2023, 9:16 AM In this photo released by Malaysia’s Department of Information, Malaysia’s Prime Minister and Finance Minister Anwar Ibrahim delivers his 2024 budget speech at … Read more

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 ByThe Associated Press October 12, 2023, 4:45 AM FILE – In this Wednesday, July 8, 2015 photo, a 1MDB (1 Malaysia Development Berhad) logo is set against the … Read more

Indonesia denies its fires are causing blankets of haze in neighboring Malaysia

JAKARTA, Indonesia — Indonesia denied Friday that forest and peat fires on Sumatra and Borneo islands were causing the haze in Malaysia, after the neighboring government sent a letter complaining about the air quality and asking for both countries to work together to deal with the blazes. Forest and peat fires are an annual problem … Read more

Indonesia could be the ‘gateway’ to EV investments in ASEAN

Korean automobile manufacturer Kia displays the electric vehicle “EV6 GT-Line” during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more … Read more

ASEAN strikes nearer to financial unity with new regional funds system

Indonesian President Joko Widodo makes a speech throughout the Affiliation of Southeast Asian Nations (ASEAN) Overseas Minister’s Assembly in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Company | Getty Photos A brand new regional cross-border fee system not too long ago applied by Southeast Asian nations might deepen monetary integration amongst members, … Read more

Asia pushes again on ‘extreme’ forex strikes amid enduring greenback power

The Individuals’s Financial institution of China set the yuan buying and selling mid-point on June 28 at its weakest in eight months. Sheldon Cooper | SOPA Pictures | LightRocket through Getty Pictures High forex officers in Asia are pushing again on bets that despatched their currencies to their lowest in seven months this week, deepening … Read more

here is how staff are hiding them from their employers

Many staff hold mum about these journeys to fend off productiveness issues and tax ramification questions from their employers. However others informed CNBC Journey they keep quiet for various causes. Every requested CNBC to chorus from publishing their full names to stop being recognized by their employers. Avoiding the ‘trouble’ of firm approval A Singaporean … Read more