Easiest place to do business

Singapore retains its top spot as the easiest place to do business, according to World Bank Group’s annual ease of doing business measurement.

Joining the island nation on the list of the top 10 economies with the most business-friendly regulatory environments are New Zealand, in second place; Denmark (3); Republic of Korea (4); Hong Kong SAR, China (5); United Kingdom (6); United States (7); Sweden (8); Norway (9); and Finland (10).

The main point which made them as winner was less complexity and increased efficiency in getting approval.

Wonder if Malaysia be even in top 10 even after 2020.

Tuesday Humour

Weekly Quotes

Only in Malaysia

Just for the sake of vote, the citizenship is being sold. Now, even Indonesians are becoming Malaysian and worse thing, becoming millionaires.

Existence of Wi-Fi

Phone is a good device to connect with people.

But it could be also a dangerous tool to disconnect people, especially the loved ones are beside you.

Tuesday Humour

Weekly Quotes

Kuwait FA is banned..JDT to become potential champions

FIFA has suspended the Kuwait Football Association (KFA) "with immediate effect" after it failed to make changes to sporting law within the country.

A country's football association should run independently without government intervention, and should be guided by regional body (AFC) and international body (FIFA).

With this, Kuwait's participation in AFC cup which has 2 clubs i.e Al-Qadsia and Al Kuwaiti will get a chop. This means, Johor Darul Takzim and Istikol from Tajikistan will qualify automatically to finals.

JDT has already created history being the 1st club to qualify for semifinals. Now they will become 1st club to qualify for finals. And, has chance to become 1st ever Malaysian club to win Asian title.

World's most powerful city

The Global Power City Index, by the Mori Memorial Foundation's Institute for Urban Strategies, ranks cities by six measures, including their economy, research and development, cultural interaction, livability, environment and accessibility.

Facebook under declare tax?

Facebook has insisted it is complying with the law despite paying just £4,327 in corporation tax for the whole of last year.

The amount is less than the average UK worker, who with an annual salary of £26,500, would contribute a total of £5,393 through income tax and national insurance.

According to the company’s accounts, Facebook pushed itself into operating at a loss of £28.5m in Britain, following a payout of more than £35m to staff as part of a share bonus scheme.

For me, it's on the tax agent, whom furnished and submitted the tax return should be accountable too. Of course, the tax agents would have consulted and discussed on the final figure to be submitted.

Facebook could have got special exemptions, double tax relief or reduction in rates. Perhaps, it's time for Facebook or the Inland revenue board should start speaking on the logic of the tax return figure.