Malaysia tourism tax proceeds for promotion, refurbishment purposes: Minister The government will use proceeds from the Tourism Tax – which comes into force on Jul 1 – to promote Malaysia overseas and refurbish tourism facilities, […]
Tackle issues early to ensure growth: IMF official Cambodia stands to benefit from an uptick in global and regional economic growth but will need to diversify its economy, improve infrastructure and reduce obstacles to doing […]
Tourists to pay more for accommodation in Malaysia with new tourism tax TRAVELLING to Malaysia is about to get more expensive thanks to a new tourist tax which comes into effect in August. — News.com.au […]
Najib: RM230m set aside to keep Haj costs down Tabung Haji will set aside RM230 million this year to ensure the cost of performing the Haj does not go beyond RM10,000, Prime Minister Datuk Seri […]
Dollar use hurting national economy Dollarisation in Cambodia’s economy remains very high, leading to increased local costs and reducing the appeal of the Kingdom’s exports, Chea Serey, director general of the National Bank of Cambodia […]
Upward GDP Revision By World Bank Affirms Malaysia Can Become Developed Nation By 2020 The upward revision of Malaysia’s gross domestic product (GDP) by the World Bank affirmed that Malaysia can achieve its target to […]
Bank services VAT seen as ‘inefficient’ Banking sector leaders have expressed concern over a new government decree that places additional fees on financial services, warning that the costs of what some have described as an […]
Malaysia ranked third in world retail development index Malaysia has been ranked third in the 2017 Global Retail Development Index (GRDI) by AT Kearney, reported the Malaysian news agency Bernama. – VietnamPlus Online Sales In […]
Western policies may slow growth Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United […]
M’sia labour productivity growth unsatisfactory While Malaysia’s labour productivity growth of 3.5% for 2016 was an improvement compared with 3.4% in the previous year, the performance was considered unsatisfactory as the country is still lagging […]
Business outlook still positive Cambodia’s business environment retained a positive outlook during the commune elections held yesterday, with several experts saying they expected the Kingdom’s economy to benefit from continued political stability. — The Phnom […]
Global passenger traffic for April rose by 10.7%, says IATA Global passenger traffic data for April 2017 showing that demand (measured in revenue passenger kilometers or RPKs) rose by 10.7% compared to April 2016, which […]