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BUSINESS News List

 
 

Buyers of Proton cars to enjoy zero-rated GST prices

KUALA LUMPUR, May 22 (Bernama) -- Buyers of Proton car will enjoy lower post zero-rated Goods and Services Tax (GST) pricing with immediate effect despite the tax re-rating only due for implementation on June 1, 2018.

 

Pikom hopes govt will continue to promote local participation in internet economy

KUALA LUMPUR, May 22 (Bernama) -- The National Information and Communications Technology (ICT) Association of Malaysia (Pikom) hopes the Ministry of Communications and Multimedia will continue to focus on promoting local participation in the Internet economy.

 

Zurich Malaysia absorbs GST for new applications, renewals in May

KUALA LUMPUR, May 22 (Bernama) -- Zurich Malaysia will absorb the six per cent Goods and Services Tax (GST) incurred for new applications and renewal of insurance policies and takaful certificates in May.

 

UEM Sunrise posts higher net profit in 1Q18

KUALA LUMPUR, May 22 (Bernama) -- UEM Sunrise Bhd's net profit rose to RM25.18 million in the first quarter ended March 31, 2018 (1Q18), from RM23.88 million recorded in the same quarter last year.

 

Moody's: GST removal credit negative unless offsetting measures in place

KUALA LUMPUR, May 22 (Bernama) -- International rating agency, Moody's Investors Service expects the removal of the Goods and Services Tax (GST), will have a net negative effect on revenue unless the government announced specific measures that could cushion any shortfall.

 

TM's Q1 profit down by 41.6 Per Cent amid challenges

KUALA LUMPUR, May 22 (Bernama) -- Telekom Malaysia Bhd's first-quarter net profit was down 41.6 per cent to RM107.64 million compared with RM184.44 million posted in the same quarter last year amid challenges across all its customer clusters.

 

BNM International reserves at US$109.4 billion

KUALA LUMPUR, May 22 (Bernama) -- Bank Negara Malaysia's (BNM) international reserves amounted to US$109.4 billion as of May 15, 2018.