Local News
Ports kick off 2024 on a good note
KUALA LUMPUR: The ports segment started the year on a positive note as the export volume index rose five per cent to 156.5 points in January 2024 from 148.5 points in January 2023, said AmInvestment Bank Bhd. In a note, the research house has maintained its overweight...
Expert says efforts to enhance Malaysia-China ties the right move
Business Expert says efforts to enhance Malaysia-China ties the right move Hayatun Razak 18-03- 2024 07:15 AM From left: Loh, Lim and Hairil Yahri. PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim’s administration has set its sights rightly on furthering...
MoF sees need to enhance insurance protection among SMEs as risks rise
KUALA LUMPUR: The Ministry of Finance (MoF) sees a pressing need for insurance protection among small and medium-sized enterprises due to the escalating climate change and other risks, said Secretary General of Treasury Datuk Johan Mahmood Merican. He said that there...
Finance Ministry: Govt expected to generate RM3.45b additional revenue from service tax
KUALA LUMPUR, March 6 — The government is expected to collect additional revenue amounting to RM3.45 billion from the expansion of the scope of service tax and the increase in the service tax from six per cent to eight per cent, according to the Finance Ministry. The...
Valuations yet to price in execution and opex risks
PETALING JAYA: Despite having an “overweight” call on the oil and gas (O&G) sector, UOB Kay Hian (UOBKH) Research suggests cautious trading as the sector valuations may not have fully taken into account the execution and operational expenditure (opex) risks. In a...
ECRL anticipated to contribute 3.8pc increase to Malaysia’s GDP by 2047, says Tengku Zafrul
KUALA LUMPUR, March 8 — The East Coast Rail Link (ECRL) is anticipated to contribute a 3.8 per cent increase to Malaysia’s gross domestic product (GDP) by 2047 by enhancing trade, boosting tourism, and stimulating regional development. Investment, Trade and Industry...
Cabotage policy reinstatement ends years-long debate
KUALA LUMPUR: The government’s decision to reinstate the cabotage policy exemption brings an end to the years-long debate over allowing foreign ships to undertake undersea cable repairs locally.Malaysia OSV Owners’ Association (MOSVA) and Malaysia Shipowners’...
Finance Ministry: Service Tax increase only affects discretionary services, B2B activities
KUALA LUMPUR (Feb 28): The increase in the Service Tax rate from 6.0 per cent to 8.0 per cent, effective from March 1, 2024, only affects discretionary services activities and business-to-business (B2B) activities, according to the Ministry of Finance (MOF). Minister...
Govt on the lookout for SST profiteers
PETALING JAYA: The domestic trade and cost of living ministry has launched an operation to ensure that traders don’t take advantage of the Sales and Service Tax (SST) hike to unreasonably increase prices.Its minister Armizan Ali said the operations, codenamed Ops...
Transport minister: National Load Centre policy to centralize cargo services at Port Klang no longer applies.
PUTRAJAYA, March 1 — The National Load Centre policy introduced in 1990 to centralise all cargo services at Port Klang, Selangor no longer applies, said Transport Minister Anthony Loke. According to him, the Transport Ministry’s policy of promoting Port Klang as the...