Lower EPF Contribution For Foreign Workers Reduces Overall Wage Expenditure

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 5 (Bernama) -- The government’s decision to set the Employees Provident Fund (EPF) contribution rate for foreign workers at two per cent — lower than the initially proposed 12 per cent — helps employers reduce overall wage expenditure.

Bursa Malaysia Opens Higher On Bargain Hunting After US Delays Tariffs

KUALA LUMPUR, Feb 4 (Bernama) -- Bursa Malaysia opened higher today as bargain hunting emerged amid news on delayed import tariffs hike proposed by the United States (US) on Mexico and Canada on Monday.

SSM Launches Access To Beneficial Ownership information, Enhances Corporate Transparency

KUALA LUMPUR, Jan 28 (Bernama) -- The Companies Commission of Malaysia (SSM) has launched the facility for accessing information on companies’ beneficial owners to enhance transparency in corporate practices.

Labuan Financial Services Authority Upholds Sector's Integrity With Zero Tolerance Policy

LABUAN, Jan 17 (Bernama) – The Labuan Financial Services Authority (Labuan FSA) has reaffirmed its commitment to upholding the integrity of the Labuan’s financial sector, emphasising a strict zero-tolerance policy toward any legal breaches.

Financial Sector Receives 2.3 MLN Complaints Over Last 5 Years -- BNM

KUALA LUMPUR, Jan 17 (Bernama) -- The financial industry received around 2.3 million complaints over the past five years, 98 per cent of which were related to the banking sector and the rest insurance and takaful-related.

TNB Western Energy Files Judicial Review To Challenge RM291.55 Mln Tax Assessment

KUALA LUMPUR, Jan 10 (Bernama) -- TNB Western Energy Bhd (TNB WE), an indirect wholly owned subsidiary of Tenaga Nasional Bhd (TNB) via TNB Manjung Five Sdn Bhd, has filed a judicial review at the High Court of Malaysia to challenge a RM291.55 million tax assessment for the 2018 assessment year.

MGA Calls For Ban On Import, Sale Of Gold-Wrapped Silver Products

KUALA LUMPUR, Jan 7 (Bernama) -- The Malaysia Gold Association (MGA) has called for the immediate cessation of and ban on the import, fabrication, and sale of “gold-wrapped silver” and similar gold-wrapped products.

Online Scams Can Derail Malaysia’s Reputation As Safe Business Jurisdiction

By Mikhail Raj Abdullah and Durratul Ain Ahmad Fuad

KUALA LUMPUR, Jan 7 (Bernama) -- It is indeed alarming that Malaysians lose RM54 billion to scams in a year, which is about three per cent of the country's Gross Domestic Product.

EAIC Completes Probe Into DOE Officers Over Port Klang e-Waste Containers

PUTRAJAYA, Jan 6 (Bernama) -- The Enforcement Agency Integrity Commission (EAIC) has concluded its investigation into allegations of misconduct involving officers from the Department of Environment (DOE) who authorised the release of e-waste containers at Westport, Port Klang.

BNM Urged To Cap Health Insurance, Takaful Premium Hike At 10 Pct Amid Rising Health Inflation

KUALA LUMPUR, Dec 19 (Bernama) -- Bank Negara Malaysia (BNM) has been urged to limit the increase in health insurance and takaful premiums to no more than 10 per cent as an interim measure, in line with the country’s health inflation rate.

Financial Institutions Block RM302 Mln In Fraudulent, Suspicious Transactions Since Sept 2024 - Lim

KUALA LUMPUR, Dec 19 (Bernama) -- Financial institutions in the country have successfully blocked a total of RM302 million in fraudulent and suspicious transactions as of September 2024, said Deputy Finance Minister Lim Hui Ying. 

List Of Services Subject To SST Scope Expansion To Be Announced In Early 2025 - Lim

KUALA LUMPUR, Dec 4 (Bernama) -- The list of services subject to the expanded scope of the Sales and Service Tax (SST) will be announced in early 2025 before being implemented beginning May 1, 2025, according to Deputy Finance Minister Lim Hui Ying.