Those earning over RM2m a year to be taxed 30%

KUALA LUMPUR (Oct 11):  The government will introduce a new tax band for those earning over RM2 million a year, which will see them taxed 30% — two percentage points more than the 28% currently applied to those earning over RM1 million.

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Budget 2020: RPGT base year to be revised

PETALING JAYA (Oct 11): The government will revise the real property gains tax (RPGT) imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents.

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SPNB comes under fire from MCA over late payments

KUALA LUMPUR (Oct 11): Syarikat Perumahan Negara Bhd (SPNB) has come under attack from opposition party MCA over delayed payments to contractors involved in the Rumah Mesra Rakyat 1Malaysia (RMR1M) projects, reported The Star today.

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Dr Mahathir: 'Yes, we can sell' PLUS Malaysia

KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can sell highway owner and operator PLUS Malaysia Bhd to private entities on the condition that the government still participates in the company's future decision making.

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Khazanah plans asset sales to cut debt to RM35b — Azmin

KUALA LUMPUR (Oct 7): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said today Khazanah Nasional Bhd is identifying assets for sale as Malaysia's sovereign wealth fund aims to reduce its debt to between RM35 billion and RM40 billion as soon as possible.

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Short-term pains seen on road to SPV 2030

KUALA LUMPUR (Oct 7): If executed efficiently, Malaysia’s new economic development narrative Shared Prosperity Vision 2030 (SPV 2030) will be timely as it would rejuvenate economic growth at a time when growth momentum is slowing.

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