Local News

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...

THERE'S a buzz in Johor Baru these days. After all, Sultan Ibrahim ibni Sultan Iskandar is set to assume the throne as the new king next month. His Majesty will be determined to set things right for Malaysia and certainly, his beloved state of Johor too. No other...

KUALA LUMPUR, Dec 17 — How much more will you need to pay the next time you go shopping online and buy items priced under RM500, once Malaysia starts imposing a new 10 per cent sales tax on such goods delivered from abroad next year? Here’s everything you need to know...

PUTRAJAYA: There must be continuous efforts to strengthen Malaysia’s competitive edge in ports and logistics services to attract more trade flow into the country, says Anthony Loke. The Transport Minister said while the country should be mindful of the competition,...

PETALING JAYA: Emerging signs of recovery in China, a further pick-up in tourism activity and a stronger momentum in trade has led RHB Research to upgrade its call on the transportation sector to “overweight”. The research house said in a note that signs of recovery...

Consumer demand shock, an increase in e-commerce trade, a shift in trade direction, crude oil price fluctuation, freight rates, and port congestion are some of the issues that ports confront worldwide. Universiti Malaysia Terengganu adjunct professor and distinguished...