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The Business Station
Budget 2022: Realistic Revenue Assumptions?
11 mins·07:35, 1 Nov 2021
Budget 2022: Realistic Revenue Assumptions?
11 mins
·
07:35, 1 Nov 2021
·
Recommended
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We ask Sim Kwang Gek, Tax Leader, Deloitte Malaysia on Budget 2022 and the mechanics behind Cukai Makmur and tax on foreign-sourced income as she analyzes whether the numbers are realistic and how does the Budget impact the Malaysian businesses and the public.
Image credit: zmpixes / Shutterstock.com
Brought to you by Mah Sing
Presenter: Shazana Mokhtar, Wong Shou Ning, Philip See
Producer: Shazana Mokhtar
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Events · May 13 · 4:01AM
ASEAN Gateway To Cross Border Payments
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ASEAN’s digital payments sector is experiencing rapid growth, fueled by increasing smartphone use, fintech innovation, and a booming e-commerce landscape. Key markets like Indonesia, Vietnam, and the Philippines are leading the way, with major opportunities in digitizing MSMEs and expanding rural financial access. Consumers are shifting toward mobile-first behavior, embracing e-wallets, mobile banking, and digital banks that offer greater convenience and accessibility. ASEAN central banks are strengthening cooperation to enhance payment linkages through QR code integration and shared standards. A major initiative, Project Nexus, aims to make cross-border payments faster, cheaper, and more seamless, though challenges remain in aligning regulations and infrastructure. As digital transactions surge, cybersecurity becomes critical, with the need to protect users without disrupting the payment experience. Importantly, digital finance is helping bank the unbanked, especially in rural areas, where mobile money and fintech tools are providing people with their first access to formal financial services.How can ASEAN ensure inclusive growth as digital payments continue to expand?
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