Bank Negara stands pat on key interest rate at 3.25%
KUALA LUMPUR (Nov 8): Malaysia's central bank left its key interest rate unchanged at 3.
Scientex to speed up development of affordable homes in next 10 years
KUALA LUMPUR (Nov 7): Scientex Bhd is looking to accelerate its development of affordable housing units, and plans to build 32,500 units over the next 10 years to meet its 50,000 homes target by 2028.
Finance Ministry: Foreign online services need to register with Customs
KUALA LUMPUR (Nov 7): The Finance Ministry said today foreign online services will need to register with the Royal Malaysian Customs Department to ensure a level playing field between Malaysian and foreign companies.
Ex-BNM governer questioned over RM2bil land purchase
PETALING JAYA (Nov 7): The Malaysian Anti-Corruption Commission (MACC) has questioned former Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim over the central bank’s RM2bil land purchase from the Finance Ministry in January.
Employers say no to multi-tier levy system
KUALA LUMPUR (Nov 5): The multi-tier levy system has been strongly opposed by an employer group and industry players, which said it would increase the cost of business operations.
Penang folk worried about foreign workers
GEORGE TOWN (Nov 5): State Housing Committee chairman Jagdeep Singh Deo (pictured) has been receiving increasingly more complaints from Penang residents about the problems they face from foreign workers living in their areas.
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Cutting double taxation to lower business costs
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.
Is it an indirect ‘Robin Hood’ budget?
KUALA LUMPUR (Nov 5): Three years ago, when former prime minister Datuk Seri Najib Razak, who was also the finance minister, unveiled Budget 2016, many labelled it the “Robin Hood” budget — a reference to a fictional character who took from the rich to give to the poor — simply because the personal income tax rate of those in the higher income bracket was raised.
Airport REIT renews risk to MAHB margins
KUALA LUMPUR (Nov 5): The federal government’s proposed airport real estate investment trust (REIT) may be neutral for Malaysia Airports Holdings Bhd (MAHB) in the near term.
