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.

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 ...

KUALA LUMPUR, Malaysia (AP) — Malaysia will raise development spending and plans new taxes for the wealthy in a smaller budget plan this year, as the new government seeks to balance between spurring ...

The Consumers Association of Kedah calls for Alor Setar’s new assessment rates, which take effect on Jan 1, to be deferred.

(Bloomberg) -- Malaysian Prime Minister Anwar Ibrahim signaled that the Southeast Asian nation may be considering additional taxes to boost state revenue and meet the target of almost halving the ...

KUALA LUMPUR - Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and economists said, as it looks to strengthen its fiscal position amid ...

KUALA LUMPUR, Malaysia (AP) — Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country’s fiscal deficit.

Malaysia will devise new taxes soon to shore up a state budget that’s been constrained by debt and changes to the consumption levy, Prime Minister Mahathir Mohamad said. The government may also have ...

KUALA LUMPUR, Malaysia – Malaysian Prime Minister Najib Razak has announced plans to impose a 6 percent goods and services tax by April 2015 to boost revenue and stem rising government debt. Najib ...