Putrajaya raises minimum wage to RM1,200 for urban workers
KUALA LUMPUR (Oct 11): The government has proposed to raise the minimum wage to RM1,200 per month for those in major cities only, effective 2020.
Those earning over RM2m a year to be taxed 30%
KUALA LUMPUR (Oct 11): The government will introduce a new tax band for those earning over RM2 million a year, which will see them taxed 30% — two percentage points more than the 28% currently applied to those earning over RM1 million.
Govt to proceed with Bandar Malaysia
KUALA LUMPUR (Oct 11): The government has proposed to continue developing the currently on-hold Bandar Malaysia project (pictured), after having negotiated for better terms.
Budget 2020: RPGT base year to be revised
PETALING JAYA (Oct 11): The government will revise the real property gains tax (RPGT) imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents.
Budget 2020: Lower threshold for foreign purchases
PETALING JAYA (Oct 11): The government today has proposed to lower the minimum price threshold for the foreign purchase of high-rise property specifically condominiums and apartments in urban areas, from RM1 million currently to RM600,000 effective 2020.
FLASH: Minimum wage for workers in first-tier cities hiked to RM 1,200
Suggestion to increase minimum wage for workers in first-tier cities to RM 1,200.
Jho Low pre-empted Shahrol from probing by telling him to expect Istana Negara's concerns on him
KUALA LUMPUR (Oct 10): Low Taek Jho, aka Jho Low, had pre-empted Datuk Shahrol Azral Ibrahim Halmi from investigating further by telling him to expect the Yang di-Pertuan Agong to question the fugitive businessman's role in Terengganu Investment Authority (TIA), the precursor to 1MDB, and raise the issue of the purported misrepresentation of the palace by "a certain individual".
Cagamas and Japan Housing Finance Agency join forces for greater housing finance opportunities
KUALA LUMPUR (Oct 10): Cagamas Bhd and Japan Housing Finance Agency have inked a memorandum of cooperation (MoC) to strengthen cross-border collaboration for housing finance development in their respective countries.
AmBank didn't tell 1MDB that Jho Low firms were major subscribers of RM5b bonds, witness agrees
KUALA LUMPUR (Oct 9): AmBank, the lead arranger of 1Malaysia Development Bhd's (1MDB) RM5 billion bond programme, did not tell the fund that companies linked to fugitive financier Low Taek Jho was the major subscribers of its discounted RM5 billion bonds issued in 2009, the High Court heard today.
MSM sells Perlis land to F&N at 18% discount as it generates negligible revenues, saps finances
KUALA LUMPUR (Oct 9): Refined sugar producer MSM Malaysia Holdings Bhd, a 51% subsidiary of FGV Holdings Bhd, is selling a 4,453.
