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Nav$0.64 div 2c mktcap$90m sharepx18c.low pe
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tonyja
Elite |
05-May-2021 16:44
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tonyja
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05-May-2021 16:27
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tonyja
Elite |
05-May-2021 16:21
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easywin
Supreme |
05-May-2021 16:11
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With the COVID-19 pandemic gloves definitely in high demand | ||
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tonyja
Elite |
05-May-2021 16:08
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tonyja
Elite |
05-May-2021 16:00
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tonyja
Elite |
05-May-2021 15:57
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tonyja
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05-May-2021 15:51
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tonyja
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05-May-2021 15:43
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tonyja
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05-May-2021 15:40
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tonyja
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05-May-2021 15:36
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FreeEagle
Member |
05-May-2021 14:57
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Thanks for creating this forum, Tony. Huat to all believers in Sri Trang.
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tonyja
Elite |
05-May-2021 13:34
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tonyja
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05-May-2021 12:45
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tonyja
Elite |
05-May-2021 12:14
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World&rsquo s Most Vaccinated Nation Reintroduces Curbs as Cases Surge By Kamlesh Bhuckory and Antony Sguazzin 5 May 2021, 5:11 AM SGT Seychelles has fully vaccinated 62.2% of its population Covid-19 has hammered island nation&rsquo s tourism economy Seychelles, which has fully vaccinated more of its population against Covid-19 than any other country, has closed schools and canceled sporting activities for two weeks as infections surge. The measures, which include bans on the intermingling of households and the early closure of bars, come even as the country has fully vaccinated more than 60% of its adult population with two doses of coronavirus vaccines. The curbs are similar to those last imposed at the end of 2020. &ldquo Despite of all the exceptional efforts we are making, the Covid-19 situation in our country is critical right now with many daily cases reported last week,&rdquo Peggy Vidot, the nation&rsquo s health minister, said at a press conference Monday. The Indian Ocean archipelago, which has a population of about 98,000, is dependent on tourism for much of its foreign exchange and acted quickly to begin vaccinations in January using a donation of Chinese vaccines from the United Arab Emirates. It has procured other vaccines since. To date 62.2% of its eligible population is fully vaccinated, according to the Bloomberg Vaccine Tracker. That compares with 55.9% for Israel, the next most vaccinated nation. Officials at the press conference gave little detail on what could be behind the infection surge other than to say people were taking less precautions against the virus than before |
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tonyja
Elite |
05-May-2021 11:54
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tonyja
Elite |
05-May-2021 11:28
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tonyja
Elite |
05-May-2021 11:13
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tonyja
Elite |
05-May-2021 11:02
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tonyja
Elite |
04-May-2021 20:23
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Economist calls for windfall tax on industries that benefit from Covid-19 KUALA LUMPUR (May 4): The government should consider implementing a windfall tax on industries that benefit greatly from the Covid-19 crisis, according to Khazanah Research Institute senior advisor Professor Dr Jomo Kwame Sundaram. &ldquo This is precisely the time when you must reform taxes as you have it (windfall tax) all the time amid extraordinarily high petroleum prices or palm oil prices. &ldquo Why not for other types of industries?&rdquo the prominent economist said at a panel discussion held in conjunction with the World Bank Group&rsquo s webinar titled &ldquo Aiming High: Promoting Inclusion and Financing Shared Prosperity&rdquo today. Asked when is the right time to reintroduce the goods and services tax (GST), Jomo opined that now is the best time to introduce taxes that do not generate revenue immediately as many have been badly impacted by the Covid-19 pandemic. &ldquo As far as tax reforms are concerned, in a situation like this, it is the best time to introduce taxes which do not generate revenue immediately. &ldquo You do not generate revenue from taxes in the middle of a crisis,&rdquo he said. The Ministry of Finance (MoF) told Dewan Negara in December last year that the government had no plans to impose a windfall profit levy on rubber glove manufacturers which had been enjoying supernormal profits from higher demand and selling price of rubber gloves worldwide, nor on other businesses that had profited greatly due to the pandemic. Responding to the same question, Institute of Malaysian and International Studies research fellow Dr Muhammed Abdul Khalid pointed out that policymakers tend to ignore the imposition of capital gains tax when it comes to the issue of tax reform. &ldquo Taxes must be fair ... and we never talk about the urgency of imposing capital gains tax, maybe because it is going to affect the very well-off in Malaysia,&rdquo he said. Nevertheless, Muhammed said, the most important thing is to ensure good governance and to make sure taxpayers&rsquo money is used well by the authorities. Meanwhile, touching on the current taxation framework, Bank Negara Malaysia (BNM) assistant governor Dr Norhana Endut noted that the government&rsquo s tax collection capacity had not kept pace with the economic growth. &ldquo Malaysia&rsquo s tax policy, or tax to gross domestic product (GDP) ratio, has been on a steady decline over the medium term. It fell to 12% in 2019 from 15.6% in 2012,&rdquo she said. Norhana noted that Malaysia&rsquo s individual income tax also continued to come from a narrow pool of taxpayers. For instance, she said that in 2018, among a labour force of 15 million people, only 2.5 million were taxpayers. &ldquo With this, expanding the tax base should be a priority over the medium term,&rdquo she said, adding that existing tax incentives and exemptions should be reviewed on a regular basis as some of them are outdated and ineffective. On plans to introduce new taxes, Norhana said the new taxes should be efficient, simple, fair and progressive with an effective rechannelling mechanism, as well as enhance productivity of the economy. |
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