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Malaysia considering consumption tax reform, PM says
Malaysia considering consumption tax reform, PM says KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim said on Tuesday (Aug 18) the government was considering reforming its consumption tax regime to make it more progressive and efficient, including potentially reintroducing aspects of a broad-based goods and services tax (GST). Malaysia scrapped the GST, which was set at 6 per cent, in 2018 amid an outcry over rising living costs, replacing it with a narrower sales and services tax (SST).
The 30-year Treasury yield just hit a 19-year high. Three things could drive it even higher
The yield on the 30-year U.S. Treasury has surged to its highest level in nearly two decades, and some strategists see scope for the selloff in long-dated government bonds to go further. The 30-year Treasury yield, which is typically sensitive to geopolitical events, advanced more than 4 basis points to 5.311% on Monday, reaching its highest level since June 2007. Foreign holdings of Treasurys fell in June, the Treasury Department reported on Monday, with top holders U.K., China and Japan...
Student bank accounts: don’t be swayed by the freebies, freshers told
Sign-up perks may capture the attention but should the focus be on the interest-free overdraft?The best student deals and discountsAn insider’s tips on student moneyIn the scramble to sort out university accommodation, join freshers group chats and work out how a student loan payment is meant to stretch across a whole term, there is one big decision that is easy to put off but worth getting right: which student bank account to open. Student accounts work like any other current account but...
Chinese commercial banks gain margin relief, but subdued lending dims outlook
Chinese commercial banks recorded a rare, modest uptick in net interest margin (NIM) in the second quarter of 2026, marking the sector’s first quarterly expansion in the profitability indicator since 2022, even as underlying loan demand remained weak. Average NIM for commercial banks edged up 1 basis point to 1.41 per cent in the June quarter, from 1.40 per cent in the first quarter, according to the latest data released by the National Financial Regulatory Administration. Performance...