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As per a newly enacted legislation on Wednesday, sales of gold bars will now be subjected to a 0.1% tax, as declared by the National Assembly. However, the responsibility of determining the tax threshold and the schedule of implementation has been delegated…
As the retail landscape in Asia continues to evolve, consumer preferences are shifting dramatically, blending traditional shopping habits with the rapid adoption of digital technologies. A recent report from China’s National Bureau of Statistics highlights…
Banks in South-east Asia could miss out on as much as $5 billion, or 14.3 percent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-banks, according to a new report. As payments become more «instant,…
Malaysia is the second largest market in Southeast Asia for Chinese tourists spending over the Chinese New Year holiday season, as recorded by Alipay, the digital payment and lifestyle platform offered by Ant Financial, an affiliate company of Alibaba Group.…
CIMB Group Holdings Bhd is expected to record a gain of disposal of approximately RM200 million from the process of transferring the group’s stockbroking business to its joint venture company with China Galaxy Securities Co Ltd. This comes after taking into…
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