Malaysia will progressively cut subsidies and launch new taxes including for luxury goods next year as part of economic reforms and to tighten its finances, Prime Minister Anwar Ibrahim said Thursday.

KUALA LUMPUR, Oct 13 (Reuters) - Malaysia said on Friday it would introduce a capital gains tax and a tax on high-value goods and gradually cut subsidies to bolster its fiscal position, as an economic ...

Malaysia is a resource-rich country with a smallish population of around 30 million. This means it produces more commodities (petroleum, palm oil, etc.) than it can consume, and exports the surplus.

Focused on helping developing countries protect their tax revenues, the session highlights a hard truth: e-commerce taxation is not just about demanding more money. It is about wh ...

KUALA LUMPUR, Nov 22 (Reuters) - Planters in top palm oil producers Indonesia and Malaysia are spending more to pay export and windfall taxes as prices of the vegetable oil stay well above the 3,000 ...