Tuesday, 04 May 2021 02:51 PM MYT
Khazanah Research Institute senior advisor Professor Jomo Kwame Sundaram opined that now is the best time to introduce taxes that do not generate revenue immediately, as many were badly impacted by the pandemic. Picture by Choo Choy May
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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 Jomo Kwame Sundaram.
“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.
National debt nearing danger level Bernama
PETALING JAYA: Malaysia’s debt problem, compounded by the 1Malaysia Development Bhd (1MDB) financial scandal, is close to reaching a dangerous level.
The situation has been further aggravated by the economic fallout caused by the Covid-19 pandemic, and drastic measures must be taken to address the problem, according to economists.
Such measures could include cutting back on capital expenditure and raising taxes or introducing new ones, they told
theSun.
According to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz
(pix), Malaysia’s debt now stands at 58% of gross domestic product (GDP), just 2% shy of the 60% debt ceiling.
3 May is World Press Freedom Day. This is part of a series of IPS features and opinion editorials focused on media freedom globally.
KUALA LUMPUR, Malaysia, May 2 2021 (IPS) - Have you ever heard of a workers’ strike or similar labour action for press freedom? And how long do you think it lasted? A day? A week? A month? And where and when do you think this happened?
Workers strike for press freedom
Six decades ago, in 1961, Said Zahari, the editor of the Malay language daily,
Utusan Melayu, led a strike of journalists and other employees. The protracted strike, in both Malaysia and Singapore today, was for press freedom rather than employee welfare.
FMI y Banco Mundial obligados a apuntalar recuperación del Sur en desarrollo apia-virtual.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apia-virtual.com Daily Mail and Mail on Sunday newspapers.
Yves here. Many of you have probably noticed some of the many signs of increasing corporate buyouts in the agriculture industry. I knew Japanese companies in the bubble years that were acquiring chicken farms and processors in Vietnam and hedgies in the 1990s who were buying agricultural land in Africa and South America. In more recent years, China has been buying food producer in Africa. Corporate interests have been hoovering up potable water sources in the US and many other major countries. And these examples only scratch the surface.
This post describes how this trend, along with increased techno-monitoring, is set to increase, but efforts are underway to stem this tide.