PEPS: Malaysia may lose RM3.7b from stricter MM2H policies
PETALING JAYA (Sept 6): The new proposed policies of Malaysia My Second Home (MM2H) programme will result in at least RM3.
NetX pays RM20 for Sungei Wang Plaza retail units that come with RM32.8m court settlement liabilities
KUALA LUMPUR (Sept 4): Loss-making NetX Holdings Bhd is acquiring the holding companies of six retail units in Sungei Wang Plaza that have court settlement liabilities for a nominal sum of RM20.
Public invited to share ideas with MoF for Budget 2022
KUALA LUMPUR (Sept 3): As part of its efforts to improve the annual Budget preparation process, the Ministry of Finance (MoF) has agreed to publish four public consultation papers (PCPs) and invite the public to share their ideas for Budget 2022, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.
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.
Health Ministry to focus on five states with high Covid-19 cases, slow vaccination rates
KUALA LUMPUR (Sept 2): The government will accelerate Covid-19 vaccination and medical operations in five states soon, namely Sabah, Johor, Penang, Kedah and Kelantan that are currently experiencing a spike of Covid-19 cases, as well as slow vaccination rates, according to newly minted Health Minister Khairy Jamaluddin (pictured).
Budget 2022 will aim to ensure nobody is left behind in receiving govt assistance, says MOF
KUALA LUMPUR (Aug 31): Budget 2022 will be drafted with the expectation that the economic situation will recover from the effects of Covid-19 next year, said the Ministry of Finance (MoF).
Kenanga ups target price for Genting on 'recovery play' despite 1HFY21 results missing expectations
KUALA LUMPUR (Aug 30): Kenanga Research said while Genting Bhd’s first half ended June 30, 2021 (1HFY21) core loss of RM111 million missed expectations, strong UK and US numbers in the second quarter (2QFY21) due to reopening and relaxing operating restrictions led the research house to believe that a swift recovery is in store for Resort World Group and Resort World Singapore once business and borders reopen.
MIEA foresees focus on landed residential unit transactions in 2H21
PETALING JAYA (Aug 27): The Malaysian Institute of Estate Agents (MIEA) predicts landed residential units to be the focus of property transactions in the second half of 2021 (2H21), according to its president Chan Ai Cheng (pictured).
Appellate court to deliver decision on discovery appeal by Altantuya's family on Sept 23
PUTRAJAYA (Aug 27): The Court of Appeal has fixed Sept 23 as the date to deliver its decision on the discovery application by the family of Altantuya Shaariibuu (pictured), who filed a RM100 million suit over her gruesome death 15 years ago.
Genting Malaysia’s net loss narrows in 2Q, cautious on near-term prospects of leisure industry
KUALA LUMPUR (Aug 27): Genting Malaysia Bhd’s (GenM) net loss narrowed to RM348.
