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Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after declining for two years. ....
Cambodia aims to woo resorts with new casino law Cambodia s new casino law leaves NagaWorld s monopoly over Phnom Penh in place until 2045. (Photo by Masayori Ishikawa) Cambodia will boast one of the world s lowest tax rates for casinos under a new law that the government says will create a safe and sound sector and help attract greater investment. The Law on the Management of Commercial Gambling, enacted last month, establishes a 97-article legal framework that includes tax rates and license requirements, as well as a new regulatory body to oversee the industry. The law replaces a patchwork of legislation and ad hoc agreements that have hitherto governed casinos in the country. ....