The Non-Oil And Gas Sector Continued to Register an Increase in 2021
22 May 2022
The Non-Oil & Gas Sector which contributed 51.2 percent to the total gross value added (GVA) recorded an increase of 2.0 percent meanwhile the Oil & Gas Sector which contributed 48.8 percent decreased by 4.8 percent. The decline of the Oil and Gas Sector has caused the country's economy to grow at a negative rate in 2021 by 1.6 percent.
ASEAN Economic Ministers' Special Meeting (Special AEM)
18 May 2022
The ASEAN Economic Ministers’ (AEM) Special Meeting 2022 was held on 18 May 2022 in Bali, Indonesia. The meeting was attended by Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd. Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II. The meeting was chaired by His Excellency Pan Sorasak, Minister of Commerce from the Kingdom of Cambodia, and was attended by Economic Ministers from all the ASEAN Member States (AMS) and the ASEAN Secretary-General, His Excellency Dato Paduka Lim Jock Hoi.
Local Companies Fined For Failure to Submit Income Tax Returns
17 May 2022
During the months of March and April 2022, twenty-six (26) local companies as listed
below were ordered to settle fines after their representatives pleaded guilty at the
Magistrate’s Court to failing to comply with Section 52(1) of Income Tax Act (Section 35)