Bite the bullet and reintroduce GST, say tax experts
KUALA LUMPUR (Sept 3): As part of Malaysia's medium-term fiscal strategy, tax experts have recommended that the federal government reintroduce a broad based consumption tax, i.
Malaysia reports 20,988 new Covid cases on Sept 2, less than 30% of them fully inoculated
KUALA LUMPUR (Sept 2): Malaysia’s new Covid-19 cases rose to 20,988 today, after falling to a nine-day low of 18,762 yesterday, said the Health Ministry.
OPR should be trimmed by another 25 bps to facilitate economic recovery — OCBC Bank
KUALA LUMPUR (Sept 2): Bank Negara Malaysia (BNM) should trim the overnight policy rate (OPR) by 25 bps to ease Malaysia's journey to economic recovery, as indicators hint at a rockier road ahead, said OCBC Bank.
Umno claims SRC has no reasonable action to recover RM16m 'wrongfully transferred' to party
KUALA LUMPUR (Sept 2): Umno, which is seeking to quash a civil suit by SRC International Sdn Bhd, claims there is no cause of reasonable action against the political party.
Property developer BCB appoints ex-chief secretary to govt Ali Hamsa as new chairman
KUALA LUMPUR (Sept 2): Former Chief Secretary to the Government, Tan Sri Dr Ali Hamsa (pictured) has been appointed as the BCB Bhd new chairman, effective yesterday (Sept 1).
Developer of Forest City denies report of significant staff cuts in Malaysia
KUALA LUMPUR (Sept 2): Country Garden Pacificview Sdn Bhd (CGPV) has announced that there has not been any large-scale layoffs in Country Garden’s Malaysia-Singapore Region.
Country Garden Holdings “shrinks” Malaysia staff, says report
KUALA LUMPUR (Sept 2): Mega China developer Country Garden Holdings has reduced “its workforce and sales team” in Malaysia “by two-thirds over the past two years,” according to a report by the South China Morning Post (SCMP).
YTL Hospitality REIT in acquisition mode as yield-accretive assets emerge
KUALA LUMPUR (Sept 2): YTL Hospitality REIT is currently on the lookout for quality assets amid the industry downturn led by the pandemic, and does not rule out potential acquisitions in the near-to-medium term with the emergence of yield-accretive assets, analysts said.
Johor administered highest number of Covid-19 vaccine doses on Sept 1
KUALA LUMPUR (Sept 2): Johor administered the highest number of Covid-19 vaccine doses yesterday (Sept 1), followed by Sabah and Perak.
Provide better granular data and policy guidance to boost public confidence in opening up the economy
More Granular Data and Faster Data processing is needed for COVID-19 related policy guidance and faster economic recovery Even though dining-in in the Phase 1 states including the Klang Valley since the 20th of August, many restaurants still don’t allow dining in because (i) not all of their workers have been vaccinated (ii) the number of cases in the community is still high so operators are concerned that they and their staff would face a higher chance of infection (iii) customers are still concerned about dining-in because of the high number of reported cases (iv) SOPs on dining-in were not clear (v) it may take some time for restaurant operators to rehire staff which they have let go during MCO 3.
