Canadian businesses in uproar over capital gains tax increase
Canada’s decision to increase capital gains taxes was criticised by businesses, who warn the move will only exacerbate the country’s…
Category: Economy
Middle East turmoil poses major economic risk
Further escalation in the Middle East conflict could pose multi-layered economic risks to Indonesia, ranging from further capital outflows to…
US ties easing of Venezuela oil sanctions to fair elections
The United States will not renew a temporary licence that eases sanctions on Venezuela’s oil and gas sector unless progress…
Bank Indonesia steps in to support weaker rupiah
Bank Indonesia stepped in to support the rupiah after the currency weakened past 16,000 per US dollar for the first…
IMF revises Malaysia’s 2024 GDP higher to 4.4%
KUALA LUMPUR: The International Monetary Fund (IMF) has revised the outlook for Malaysia’s real gross domestic product (GDP) by a notch…
Legalisation of casinos to be studied by various agencies
The Finance Ministry has been appointed by the Cabinet as the lead agency in considering the report prepared by an…
All eyes on oil price, ringgit
The possibility of higher oil prices, should there be an escalation in the conflict between Iran and Israel, would not…
Cost of Lockheed F-35 jet deal lilkely to exceed US$1.5 trillion
The world’s costliest weapons programme, Lockheed Martin Corp’s F-35 fighter jet, is getting even more expensive, according to a government…
UK wage growth slows slightly as Bank of England mulls rate cuts
LONDON: British core wage growth slowed again, posting its weakest rise since the three months to September 2022 but remained…