RM4.5 bil from Sarawak state resources to be channelled for development corridors
MIRI (Nov 5): The Sarawak state government will give a total of RM4.
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.
China Ouhua now expects land title transfer in six months
KUALA LUMPUR (Nov 5): China Ouhua Winery Holdings Ltd, which has made several announcements on when it expects to receive the transfer of land title ownership from a local authority in China after buying a 40-acre plot there, now says the transfer should be done in six months.
MRCB-George Kent JV bags RM11.86b LRT3 job for Bandar Utama-Johan Setia portion
KUALA LUMPUR (Nov 5): MRCB-George Kent Sdn Bhd, a joint venture company between Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd, has bagged an RM11.
Multi-generational loan could be a burden – Rep
GEORGE TOWN (Nov 5): Extending the housing loan term to 90 years or more may help reduce the overhang of property stocks, but are the children ready to shoulder the burden? The concern was raised by Kebun Bunga assemblyman Jason Ong Khan Lee in response to a proposal by the state government to Bank Negara to introduce generational loans to mitigate the problems on securing financing for first-time homebuyers, reported The Star today.
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.
Wee Ka Siong wins MCA party presidency
KUALA LUMPUR (Nov 5): MCA deputy president Datuk Seri Dr Wee Ka Siong (pictured) is now the party’s new president, according to news reports.
Lower subsidies, but sustainable consumer spending in Budget 2019
KUALA LUMPUR (Nov 5): Budget 2019 was a surprisingly expansionary one by most measures, but one area in which the government carefully cut back was subsidies.
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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.
