World Bank: Untaxed capital income, low tax rates for the upper income among key weaknesses in Malaysia’s tax system
World Bank: Untaxed capital income, low tax rates for the upper income among key weaknesses in Malaysia's tax system. World Bank country director for Philippines, Malaysia, Brunei Dr Zafer Mustafaoglu speaks at the public launch of a joint report on Wednesday, by the World Bank and the Malaysian Ministry of Economy, titled “A Fresh Take on Reducing Inequality and Enhancing [...]
09/02/2025
What we can learn from aviation when it comes to all things digital
What we can learn from aviation when it comes to all things digital. Julian Panter, the CEO of SmartSea, on why maritime must embrace digital transformation to stay afloat in the 21st century. The maritime industry is under threat of long-term risks such as operational inefficiencies and regulatory non-compliance due to some companies clinging to outdated and legacy practices. A [...]
03/02/2025
New report highlights shipping’s weak position within the global energy transition
New report highlights shipping’s weak position within the global energy transitionF. A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with the ongoing global transition to [...]
03/02/2025
Accelerated Global Solutions buys share of Malaysian logistics firm KGW
Accelerated Global Solutions buys share of Malaysian logistics firm KGW - Partnership combines ocean specialist with U.S. freight forwarding, parcel delivery conglomerate. Freight forwarder Accelerated Global Solutions, which was acquired in November by startup parcel delivery service SpeedX, said Monday it has taken a 15% stake in Malaysia-based KGW Logistics. The transaction is part of owner Chris Zheng’s ambitious plan [...]
03/02/2025
Malaysia’s sales and service tax revenue for 2024 exceeds expectations — MOF
Malaysia's sales and service tax revenue for 2024 exceeds expectations — MOF. KUALA LUMPUR (Feb 7): Sales and Service Tax (SST) revenue for 2024 is estimated at RM44.7 billion, exceeding the initial expectations of RM41.3 billion, the Ministry of Finance (MOF) said. However, the final amount will be confirmed in the federal government’s financial statement for 2024, the ministry stated [...]
02/02/2025
China’s Export Ban: Supply Chain Challenges on the Horizon
China's Export Ban: Supply Chain Challenges on the Horizon. China's proposed export ban on battery technology has the potential to reshape global supply chains and impact the renewable energy transition Batteries are a key pillar within the global push for sustainability, powering everything from EVs to renewable energy storage systems. Semiconductors, wind turbines, solar panels and hydropower technologies also play [...]
26/01/2025
Supply Chains Navigate Sustainability Investment Challenges
Supply Chains Navigate Sustainability Investment Challenges. Capgemini's research shows businesses balancing sustainability goals with economic challenges, as supply chain investments & climate tech take centre stage Capgemini’s latest research highlights a steady focus on sustainability in supply chains, despite slowing investment growth. Businesses are navigating complex challenges to balance regulatory demands, technological innovation and long-term goals. To achieve net-zero carbon [...]
26/01/2025
Container rates drop sharply as Houthi Red Sea threat lifts
Container rates drop sharply as Houthi Red Sea threat lifts. Spot container freight rates have continued to fall sharply as the Houthi threat to the Asia – Europe trade recedes. The Drewry World Container Index (WCI) plunged 11% over the last week led by the Asia – Europe trade. In a week that saw the Houthi in Yemen lifting [...]
26/01/2025
Indonesia issues regulation to implement global minimum tax
Indonesia issues regulation to implement global minimum tax. JAKARTA (Jan 16): Indonesia's finance ministry said on Thursday it had issued a regulation to implement the global minimum corporate tax at 15% effective from Jan 1, as part of an international push to limit tax competition between countries. The largest economy in Southeast Asia is among 140 countries which agreed on [...]
20/01/2025
Is Malaysia’s chip sector prepared for the storm?
Is Malaysia’s chip sector prepared for the storm?. KUALA LUMPUR (Jan 18): In a last-minute move by the Biden-Harris administration, a new Interim Final Rule on Artificial Intelligence Diffusion was announced on Monday (Jan 13), imposing stricter export controls on US-developed AI chips. This rule introduces a three-tier licensing framework for semiconductor exports, exempting allies like South Korea and Taiwan [...]
20/01/2025
