News by TheEdgemarkets.com

In a filing with Bursa Malaysia yesterday, SUNREIT — the assets of which include shopping malls and hotels — said the net revaluation surplus stood at RM108 million, after taking into account capital expenditure of RM65 million, based on the REIT's unaudited results for financial year ended June 30, 2019 (FY19).

"It will be unlikely there will be any new tax measures [announced in Budget 2020], but definitely I would rule inheritance tax out, for the foreseeable future."

"SVDP only covers taxation laws; it doesn't cover criminal laws. It doesn't mean people like Jho Low can come and declare their unreported income and everything is cleared." 

The BBM transcript showed an exchange between Yu and Jho Low, where Yu tweaked the date of the instruction letter from Dec 24, 2014 to Dec 29, 2014.

Former prime minister Datuk Seri Najib Razak, his wife, his brother and two others have applied to strike out the RM52.6 million civil suit filed against them by businessman Deepak Jaikishan claiming conspiracy and fraud.

This marks the seventh day for Yu — the 54th prosecution witness in the trial — in the witness stand, after a long and aggressive round of questioning by Najib's lawyer Harvinderjit Singh over the past week. 

"This follows the High Court being prepared to accommodate the parties' schedules when necessary. The parties [prosecution and defence] are at liberty to apply [for postponement before the trial judge] should the SRC International Sdn Bhd trial fail to conclude," the court ruled.

As a small open economy, Malaysia will not be insulated by the escalating trade tensions, HLIB said in a strategy note today.

The stock of household debt as a share of gross domestic product (GDP) in Malaysia has declined over the years, thanks in part to a weaker housing market, and more deleveraging is likely to continue.

KD District Cooling System Sdn Bhd (KDDCS) was awarded the contract by the Employees Provident Fund Board's (EPF) wholly-owned unit Kwasa Utama Sdn Bhd to supply chilled water to an office building in Kwasa Damansara for a period of 25 years from Sept 1.