News by Jean MacKillop

Resident individuals will now be taxed based on progressive income tax rates of between 0% and 30%, while non-residents face a higher flat rate of 30%.

Kan said the majority of Adnex’s materials and supplies are sourced domestically and from China.

Malaysia’s construction sector will continue to ride on the ramp-up in private sector jobs, particularly data centre projects, in the coming years, said BIMB Securities.

RHB Investment Bank (RHB IB), which cut Econpile Bhd’s (KL:ECONBHD) earnings forecasts and target price, still expects its share price to almost double to 44 sen over the next 12 months. The stock was trading at 22.5 sen earlier.

Binastra Corporation Bhd’s (KL:BNASTRA) series of data centre-related job wins could pave the way for the group to expand further beyond residential property projects, analysts said.

Lagenda Properties Bhd (KL:LAGENDA) is about to see an acceleration in earnings over the next two years from robust demand for affordable homes, said CGS International.