Six business groups urge govt to delay SST expansion, warn of inflation and job losses
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
Country Heights to sell South Africa-based unit for RM600,000
Cash-strapped property developer Country Heights Holdings Bhd (KL:CHHB) plans to dispose of a firm that owns a property in South Africa for RM600,000 in cash.
Bertam Alliance to exit PN17 after seven years
Property developer Bertam Alliance Bhd (KL:BERTAM) is set to exit Bursa Malaysia's Practice Note 17 (PN17) category for financially distressed companies on Thursday (June 12), after being in the status for seven years.
Builders urge govt to delay and review expansion of SST on construction services
The Master Builders Association Malaysia (MBAM) has urged the government to reconsider the impending revision and expansion of the sales and service tax (SST) on construction services, citing concerns that the move will strain the industry’s cash flow.
Ho Hup defaults on RM45.3 mil loan from AmBank Islamic
Ho Hup Construction Co Bhd (KL:HOHUP), which slipped into Practice Note 17 (PN17) status earlier in April, has defaulted on revolving credit facilities from AmBank Islamic Bhd amounting to RM45.3 million.
MACC seeks to forfeit billion-ringgit Ilham Tower owned by late Daim’s family—report
The Malaysian Anti-Corruption Commission (MACC) will apply to forfeit the 60-storey Ilham Tower, worth about a billion ringgit, owned by the late Tun Daim Zainuddin’s family, a report says.
Na'imah to challenge Ilham Tower seizure in court, her lawyers say, accusing MACC of harassment
Toh Puan Na'imah Khalid, widow of the late former finance minister Tun Daim Zainuddin, will immediately challenge the Malaysian Anti-Corruption Commission’s (MACC) second seizure of Ilham Tower in court, said her lawyers.
MACC again seizes Ilham Tower linked to late Daim's family
The Malaysian Anti-Corruption Commission (MACC) has once again seized Ilham Tower in Jalan Binjai here, owned by the family of the late Tun Daim Zainuddin, this time in connection with alleged money laundering.
Malaysia announces plan for 102-acre ‘Madani City’ in Putrajaya
Malaysia on Tuesday announced plans for the development of ‘Madani City’ in Putrajaya, aiming to advance both sustainable and high-tech living.
Ta Win offloads idle factory in Port Klang for RM44.5 mil
Loss-making Ta Win Holdings Bhd (KL:TAWIN) is disposing of a parcel of industrial land with a single-storey detached factory in Port Klang to Metal Recovery Industries Sdn Bhd (MRI) for RM44.5 million.
