News about ICE

KUALA LUMPUR (Nov 5): The announcement that exemptions will be granted for specific business-to-business (B2B) service tax from Jan 1, 2019 for registered service tax entities would help lower the costs of doing business by eliminating pyramiding taxation, or the tax-on-tax effect.

KUALA LUMPUR (Nov 2): The Ministry of Finance (MoF) has forecast a growth rate of 4.

PETALING JAYA (Nov 2): Between 2009 and 2016, average house prices have increased by 9.

KUALA LUMPUR (Nov 2): Low Taek Jho, better known as Jho Low, has maintained his innocence after the US Department of Justice (DoJ) indicted him, along with two former Goldman Sachs bankers, on Thursday (Nov 1) for conspiring to launder billions of dollars embezzled from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Nov 2): The Barisan Nasional (BN) opposition coalition has presented its alternative budget for 2019 with an expected government revenue of RM247.

NEW YORK (Nov 2): A three-count criminal indictment was unsealed yesterday in federal court in the eastern district of New York charging Low Taek Jho, also known as Jho Low, and Ng Chong Hwa, also known as Roger Ng, with conspiring to launder billions of dollars embezzled from 1Malaysia Development Bhd (1MDB), a government strategic investment fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.

KUALA LUMPUR (Oct 31): Property prices will definitely have to adjust in the near term to cater to the softening demand, said Sime Darby Property Bhd's chairman Tan Sri Zeti Akhtar Aziz.

KUALA LUMPUR (Oct 31): Malaysia still maintains the right to review the price of water sold to Singapore under the Water Agreement 1961 and 1962, said Deputy Foreign Minister Datuk Marzuki Yahya.

Rising property prices and inflation are natural in a growing economy.

KUALA LUMPUR (Oct 25): RAM Rating Services Bhd expects Malaysia’s headline inflation rate to pick up slightly to 0.