"The spirit of the tax (Prosperity Tax) is supposed to look at companies that have performed exceptionally well," said Deloitte Asia Pacific Tax Partner, Mark Chan.

In a report on Tuesday (Nov 9), Fitch said while this is largely aligned with the government’s revenue projection, its forecast reflects the likelihood for spending, especially on pandemic-related risks, to exceed the government’s projection, which sees a 6% fiscal deficit.

Noteworthy:

• Freehold

• Semi-furnished 

• Built-up: 5,274 sq ft

• Five bedrooms; six bathrooms

• Facilities: 24-hr security, fitness centre, barbecue area, sauna, concierge service

• Amenities: Shopping centre, international schools, country clubs and a walking distance to Hartamas Park. 

• Accessibility: Sprint Expressway, New Klang Valley Expressway (NKVE), Duta-Ulu Klang Expressway (DUKE), Jalan Duta and Federal Highway

“It appears that 1MDB’s finances were run like a Chinese coffee shop on Petaling Street," said prosecutor Datuk Seri Gopal Sri Ram

Nine countries with the highest percentage of full Covid-19 vaccination were UAE (89%), Portugal (87%), Malta (85%), Singapore (82%), Chile (81%), Cambodia (80%), Spain (79%), Qatar (78%), and Iceland (77%).

Mortgage loan application and approval value in 3Q21 also increased to RM67.5 billion and RM24 billion respectively (vs 2Q20’s RM42.5 billion and RM12.1 billion) following a good uptick in September 2021. 

The group, which comprises KLCCP and KLCC REIT, also saw its quarterly revenue fall 16.72% to RM260.34 million versus RM312.6 million

Representatives from Lebanese jewellery firm Global Royalty Trading SAL carried out the physical inspection of the seized items.

“The plan will build on what was achieved in the 11th Malaysia Plan and this will focus on growth and inclusivity."

“The VTLs are another important milestone in the long-standing Malaysia-Singapore cooperation."