The exemption aims to maintain the competitiveness of Malaysia’s local industries. Without the exemption, local ship and aircraft owners might register their assets abroad, reducing economic activity in Malaysia. The MOF stated that taxation could drive owners to...
Kota Kinabalu: Sapangar Bay Container Port (SBCP) welcomed the maiden call of the Ji Yun 16, operated by Warisan Shipping Line under its newly launched Singapore Express Service. The service connects Muara – Sapangar – Singapore – Muara on a regular schedule,...
MALAYSIA: Johor has emerged as Malaysia’s fastest-growing state in 2024, recording an economic growth rate of 6.4% compared to the national average of 5.1%, according to the Department of Statistics Malaysia’s July 2025 report. In a Facebook post on Tuesday (Aug 13),...
KUALA LUMPUR, Aug 16 — The service tax exemption on ship and aircraft leasing was not done discreetly, with the exemption aimed at maintaining local industry competitiveness, says the Ministry of Finance (MOF). The MOF emphasised that the imposition of such a tax...
PUTRAJAYA: The government’s upcoming 2026 Budget will focus on safeguarding public welfare while addressing structural economic challenges, said Finance Minister II Datuk Seri Amir Hamzah Azizan. Speaking at the opening of the Budget 2026 consultation sessions here...
After US President Trump’s 1 August tariff deadline came to an end and as investors watch what will happen in the US-China trade talks, Swiss private bank Julius Baer shares its insights on the impact on Asia’s asset allocation and economies. After the market...
