MASB issues new Insurance Standard and Interpretation on Income Taxes

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MASB issues new Insurance Standard and Interpretation on Income Taxes The Malaysian Accounting Standards Board (MASB) has issued the following pronouncements: Malaysian Financial Reporting Standards (MFRSs) – MFRS 17 Insurance Contracts – IC Interpretation 23 Uncertainty over Income Tax Treatments Financial Reporting Standard (FRS) – IC Interpretation 23 Uncertainty over Income Tax Treatments These pronouncements…

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Alibaba Launches Tmall Retail Site

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Alibaba launches Tmall retail site Chinese e-commerce giant Alibaba Group Holding Ltd is now targeting the sizeable 500 million population from South-East Asia, namely, Singapore, Malaysia, Hong Kong and Taiwan With product offerings, promotions and logistics, these countries are experiencing rapid growth in terms of new users. Following the launch of the new service, Tmall…

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