Month: October 2015

GST First, Point of Sale (POS) Compliance Later

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Chinese chambers say authorities should not rush small businesses into installing a point of sale (POS) system, adding that it’s more important to educate them on GST compliance. JOY LEE reports. SMALL traders should be given time to fully understand and comply with the Goods and Services Tax (GST) regime before the authorities enforce the … Read more

Zeti: Ringgit will Regain Strength Again

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KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz is again brushing off suggestions to peg the ringgit, saying that doing so would do more harm to the Malaysian economy. The ringgit has hit new 17-year lows against the US dollar in recent weeks, declining 26% year-to-date and closing at 4.395 yesterday. The … Read more