SEOUL: South Korea will participate in a multinational defence ministerial meeting on the Strait of Hormuz on Tuesday (May 12), officials said, as Seoul weighs its response following the recent attack on a Korean-operated cargo vessel in the strategic waterway, Yonhap News Agency reported.
He said the move involves the public service systems and revenue collection .
"In addition to digitalisation, we are reviewing fees and charges periodically, enforcing the collection of outstanding payments and monetising state assets. " "The state government is strengthening its asset management through a monetisation approach to generate new sources of revenue as part of a long-term strategy to reduce dependence on the Federal Government," he said during the state assembly sitting in Lebuh Light on Tuesday .
Chow was responding to a question from Datuk Seri Reezal Merican Naina Merican regarding the state government’s strategies to increase state revenue while reducing reliance on the Federal Government. He said this includes attracting investment in advanced semiconductor industries and the digital economy, supported by InvestPenang.
“The tourism sector is shifting towards high-quality segments such as medical tourism and the organisation of Meetings, Incentives, Conventions and Exhibitions . "We are strengthening its digital economy and smart state initiatives through data analytics and digital talent development to enhance competitiveness," he said. He said that reforms in financial management are being implemented through zero-based budgeting, centralised monitoring of financial performance, and more frequent audits.
This strategy aims to generate revenue directly from land premiums, rent, and related economic activities. In tourism, the goal is to improve existing attractions, such as heritage sites, food tourism, and medical tourism, and to collect related fees more effectively. Police force must embrace tech, data-sharing to stay ahead of threats says deputy ministerSchools should appoint safety coordinators as soon as possible, says Lee Lam Thye
Making Money Revenue Collection Federal Government Digitisation Fee Collection
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Badminton News: China Retains Thomas Cup, South Korea Upsets China in Uber CupThis news article discusses the recent badminton competitions in Asia, including China's victory in the Thomas Cup and South Korea's upset win over China in the Uber Cup.
Read more »
Hormuz turmoil diverts ships south, whales off South Africa face rising dangers from busy lanesJOHANNESBURG, May 12 — Conflicts in the Middle East are increasing dangers for whales off South Africa by shifting sea traffic into their habitats and heightening the risks of...
Read more »
South Korea's Kospi falls sharply on profit-taking near 8,000 levelFrom DATUK SRI DR WEE JECK SENG MCA Vice President, Member of Parliament for Tanjung Piai
Read more »
South Korea to participate in defence ministers' meeting on Hormuz after ship blastFrom DATUK SRI DR WEE JECK SENG MCA Vice President, Member of Parliament for Tanjung Piai
Read more »