Revenue for the quarter also fell 8% to RM742.24 million, from RM810.71 million previously.
Economic Report 2021/2022: Government to consider consumption-based tax in order to reduce reliance on direct taxes
The government is currently considering options to reduce the reliance on direct taxes and widen the revenue base by shifting to consumption-based tax under the Medium-Term Revenue Strategy (MTRS) framework
The growth trajectory in 2022 will also be based on expectations of further expansion in global and domestic activities, fuelled by broader vaccine coverage and a further improvement in goods trade amid a slower recovery in services trade, said the Ministry of Finance in its 2022 Fiscal Outlook report
Classic Scenic said the existing manufacturing plant in Rawang is already running at optimum capacity rate, about 80%.
The land has a market value of US$56.1 million.
Two Axteria units are developing a 16-storey development building with 241 hotel rooms and a 44-storey development building with 306 serviced suites, both of which are being proposed to be managed under the Far East Hospitality brands
In an announcement to the Singapore Exchange on Tuesday (Oct 12), Fortress Minerals said the new agreement, which was signed on Tuesday, would provide recurrent income and cash flows to Fortress Minerals and strengthen its financial position.
Interest Rate Waiver: Imperative that short-term relief measures do not incur long-term damage to economy — BNM
“If banks become more reluctant to lend to this segment of borrowers due to perceived high risks, this would be a concern.”
For all five JV projects, TAFI’s wholly-owned subsidiary Gerak Mahir Sdn Bhd will be bearing the cost of the development, while the JV partners will be providing the project land.