No GST or new additional tax for now, says Tengku Zafrul
“The local economy is currently at a recovery phase and I don’t think it's appropriate to introduce any new additional tax for now.”
1MDB forfeiture appeals hearing cut short due to emergency
It is understood that a member of the bench has an emergency concerning a relative.
IMF: Malaysian economy is set to recover in 2021, growth projected at 6.5%
The recovery is expected to be uneven across sectors, resting on an improvement in both domestic and external demand.
IOI Corp has agreed to return native customary rights land to Sarawak villagers — report
The Borneo Post, quoting Sarawak’s Assistant Minister of Local Government and Housing Datuk Dr Penguang Manggil, reported today that the community leaders and longhouse chiefs yesterday accepted IOI Corp’s offer to return the land in Long Teran, Long Labing and Long Lapok from the provisionally-leased area under its unit Pelita Plantantion Sdn Bhd in Tinjar.
Malaysia's richest tycoons and the billions in dividends they earned in the final quarter of 2020
Among them, Public Bank Bhd founder Tan Sri Dr Teh Hong Piow is expected to receive the biggest dividend payout totalling RM668.18 million from his shareholdings in the bank and insurer LPI Capital Bhd.
Hard to trace money trail at NFC, says defendant’s witness
Defendant’s first witness Andrew Heng, a partner in the firm Ferrier Hodgson MH: NFC was operating and trading at that time (between 2008 and 2011), they were accruing revenue. There is no way to trace that money went to the defendants and no way to trace if they had used the money for purposes outside NFC
Covid-19: 12 new clusters detected, including Subang Dua cluster in Selangor with 153 infections
Malaysia today registered 1,219 new Covid-19 cases, a slight increase from the 1,063 reported yesterday, but marking the 12th consecutive day that new cases stayed below the 2,000 mark.
Cattle farmer NFC would be worth RM95 million had it remained in operation, says expert witness
The defendant's first witness Andrew Heng, a partner in the firm Ferrier Hodgson MH, testified that the net worth of RM85-RM95 million was based on his projections. Heng was commissioned by NFC to conduct a review of a due diligence report conducted by PricewaterhouseCoopers Malaysia.
Here’s the list of PEMERKASA initiatives for tourism, retail and Covid-19 affected sectors
To further encourage domestic tourism, the government has extended the exemption for tourism tax and services tax for hotel accommodation until Dec 31, 2021. It has also announced entertainment duty exemption for entrance fees into entertainment premises including theme parks, stage performances, sports events and movie screenings within Federal Territories.
Covid-19: Malaysia’s new cases rise to 1,219 with two more deaths
Selangor topped the list of states with the most number of new cases at 499, followed by Sarawak (225 cases) and Johor (169).
