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Singapore, officially the Republic of Singapore, is an island country and city-state in maritime Southeast Asia.It is located about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south along with the Riau Islands in Indonesia, the South China Sea to ...
Malaysia has a low official unemployment rate of 3.9%. Its foreign exchange reserves are the world's 24th-largest. It has a labour force of about 15 million, which is the world's 34th-largest. Malaysia's large automotive industry ranks as the world's 22nd-largest by production.
The Goods and Services Tax ( GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
Malaysia wants to benefit from chip companies trying to diversify their supply chains: ‘There is enough growth that will go around’ Lionel Lim April 18, 2024 at 5:06 AM
Malaysia's central bank kept its key interest rate at 3.25 percent on Thursday, as expected, while eyeing a slowdown in economic growth and planned public spending cuts by the new government.
It was not long ago investors were hoping for just a 0.2% increase but high readings on consumer and producer prices suggest the risk is for a result as high as 0.5%.
The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
Malaysia’s government announced Wednesday it was imposing a ban on all Israeli owned and flagged ships, as well as any vessels headed to Israel, from docking at its ports.