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In search of the middle ground

As the African proverb goes, when elephants fight, it is the grass that suffers. The intensifying China-US rivalry is putting mounting pressure on smaller countries, and Southeast Asian economies are no exception. ....

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Economist calls for windfall tax on industries that benefit from Covid-19

04 May 2021 / 14:53 H.
Bernama
KUALA LUMPUR: 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 (pix).
“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.
“Why not for other types of industries?” the prominent economist said at a panel discussion held in conjunction with the World Bank Group’s webinar titled “Aiming High: Promoting Inclusion and Financing Shared Prosperity” today.
Asked when is the right time to re-introduce 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 were badly impacted by the pandemic. ....

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Economist Jomo Sundaram calls for windfall tax on industries that benefit from Covid-19 | Malaysia

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. ....

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Experts: Fresh grads' pay as low as RM1,000 a systemic problem, can't just blame Covid-19 pandemic | Malaysia

Experts: Fresh grads' pay as low as RM1,000 a systemic problem, can't just blame Covid-19 pandemic | Malaysia
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Asean must act to prevent military coup from affecting regional security

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