Archive: 8 January 1999
Showing 51-52 of 52 articles
Fri, 08 Jan 1999, 00:00 WIB
Malaysia plans to introduce 'exit tax' on foreign capital
Malaysia plans to introduce 'exit tax' on foreign capital KUALA LUMPUR (Reuters): The Malaysian government looks sure to relax capital controls by introducing an "exit tax" on foreign portfolio investments that are repatriated, a government official said on Thursday. The government favors the introduction of an exit tax but wants to be sure large sums of foreign investment would not be pulled out once it is announced, the official, who asked not to be identified, told Reuters.
Fri, 08 Jan 1999, 00:00 WIB
A nice way to convey advice
A nice way to convey advice I agree with Mr. Peter Ganz of Semarang that foreigners should openly point out any shortcomings in Indonesia (The Jakarta Post, Jan. 4: Improved service vital for survival). However, I wondered about his follow-on statement that the reason some foreign nationals are so blunt about it is because they love this country and its people. Isn't the real reason one of frustration and wanting to let out some of that pent-up anger?