KUALA LUMPUR: Marine & General Bhd’s indirect wholly-owned subsidiary, TKH Marine (L) Ltd, today disposed of its vessel, JM Sutera 7, for US$5.8 million (RM27.2 million) cash to an external party, Narsimhaa Shipping Inc, Liberia, on a willing buyer and...
FOR most of us, the start of a new year means new resolutions and new beginnings. This time round, Jan 1 2024 will also mark the start of the imposition of the sales tax on low-value goods (LVG tax) in Malaysia. The LVG tax was initially announced in Budget 2022 and...
According to Malaysia’s Deputy Minister of Agriculture and Food Security, Chan Foong Hin, exports of fresh durians to China will commence next year. He stated that the beginning of exports would coincide with the 50th anniversary of diplomatic relations between China...
RESORT and chalet owners on Mersing Island have implemented a three-month temporary shutdown during the monsoon season to repair and improve the amenities at their properties. Lanting Beach Resort owner Sallehuddin Latif said he had allocated RM25,000 to repair the...
During Budget 2024, it was announced that service tax will be increased from the 6% rate at present to 8% next year. This will start from March 1, as indicated by the customs department recently. Exclusions to the new rate include that for food and beverage,...
PETALING JAYA: Sustained high inflation, coupled with expected hikes in utility tariffs as well as the impending subsidy rationalisation may result in subdued consumer spending in 2024. Kenanga Research said middle-income earners could be most affected, while the...
