Tag: malaysia
Malaysia extends tax break for corporate investors to 2022.
The Malaysian government has extended the tax exemption for corporate investors of retail money market funds until January 1, 2022, as part of its fiscal measures to mitigate the economic impact of the COVID-19 pandemic. This move aims to provide continued support to businesses during these challenging times.
Malaysia’s trade performance breaks record in April
Malaysia's exports surged by 63% year-on-year in April 2021, driven by strong domestic exports. The Department of Statistics reported a trade surplus of RM 20.5 billion, highlighting the nation's economic recovery from the COVID-19 pandemic.
Malaysia’s Petronas signs the first Canadian-indexed LNG deal.
Malaysia's Petronas, a leading petroleum company, has pioneered a new approach in LNG trading by using Canadian pricing indicators for a spot cargo sale to a Far East buyer. This marks a significant step in the company's global energy strategy and market positioning.
