Association seeks tax-free dividends for REITs

KUALA LUMPUR (Oct 27): While Malaysia imposes a lower rate of withholding tax on dividends paid to retail investors of real estate investment trusts (REITs) compared with many other countries, the Malaysian REIT Managers Association (MRMA) is of the view that a total tax exemption should be given to attract more investments.

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FIC hotel purchase probe ongoing, don't speculate, says MACC

KUALA LUMPUR (Oct 26): There should not be any speculation concerning the purchase of the four-star hotel in Kensington, London, by Felda Investment Corporation (FIC) as the case is still under probe, said Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner (Operation) Azam Baki, Bernama reported today.

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MIP: Review construction process to avoid tragedies

PETALING JAYA (Oct 26): The construction industry system and processes should be reviewed on the basis of responsibility and accountability of various parties, instead of the expediting of approvals, said the Malaysian Institute of Planners (MIP).

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