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December, 4, 2016

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Business > Asia > Malaysia
The processing fee for checks from 15 sen to 50 sen -- a 230-percent increase -- is a "penalty adding to the unnecessary cost of doing business," said the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).
 
The fall of the Malaysian ringgit to a 15-year low against the Singapore dollar has been a boon for Cynthia Yong. That's because the tax manager works in Singapore and sends SG$900 (US$706) a month to her retired parents in Johor Baru.
 
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