Residential properties sold under the Housing Development Act (HDA) will be exempted from the update sales and services tax (SST), following concerns from the construction industry over rising costs.
The National Institute of Occupational Safety and Health (Niosh) has urged for improved safety measures at construction sites following the discovery of a British traveller’s body at a site in Bangsar recently.
The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators across the country, is calling for a deferment of the government's decision to expand the sales and service tax (SST) to include rental and leasing services, construction and beauty services, until after Visit Malaysia Year 2026, and to take a staggered approach to it thereafter.
Noteworthy:
When: January 2025
The Kuala Lumpur Local Plan 2040 (KLLP2040) has been gazetted and comes into effect today. It will be officially launched by the Prime Minister on June 24.
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.
Tunku Mahkota Ismail will transfer 13 hectares of his land in the area, closer to the Singapore Botanic Gardens Unesco World Heritage Site, to the Singapore government.
However, it said contractors involved in constructing commercial, industrial, and infrastructure projects will be imposed with the 6% service tax for construction services.
Maybank IB said that M-REITs are projected to deliver attractive average dividend yields of 5.6% in 2025 and 6.1% in 2026.
The Penang state executive council (MMK) will review the 5% discount offer for first-time homebuyers from the Indian Muslim community in Penang, and make an appropriate decision for the benefit of all parties.
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