PETALING JAYA – The sales and services tax (SST) regime is likely to have an impact on the earnings of manufacturers and importers while healthcare and building material companies are among the major beneficiaries. Under the SST system, which will begin from Sept 1, several manufacturers and importers would have…
KUALA LUMPUR – Prime Minister Tun Dr Mahathir Mohamad has announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor or be granted visas to live there. Reuters reported Dr Mahathir saying that: “One thing is certain, that city that is…
PETALING JAYA – Hong Kong-listed property developer Country Garden Holdings founder and chairman Yeung Kwok Keung is confident in Malaysia’s economic prospects under the new government and plans to enlarge its investments in Malaysia, according to a report by Chinese daily Nanyang Siang Pau. “I am confident that Malaysia, under…
Malaysian police have filed criminal charges against fugivite businessperson Low Taek Jho, better known as Jho Low, and his father “in absentia” over the alleged misappropriation of money from 1MDB, reported The Edge today. The charges for money laundering were said to have been brought against Low and his father…
BEIJING – Malaysia and China’s friendly long-term diplomatic ties are “far more important than the current problems” between the two nations, said China’s Premier Li Keqiang. Speaking at a press conference after the official dialogue with Prime Minister Tun Dr Mahathir Mohamad this morning, Li stressed that China’s intention is…
KEPONG – A family of three were scammed out of more than RM620,000 by a syndicate claiming to be able to assist them in buying three semi-detached houses developed by Selangor State Development Corp (PKNS). In a press conference here today held by Yew Jia Haur, political secretary of Kepong…
PETALING JAYA – Construction services and building material costs will not be charged under the Sales and Service Tax (SST), said Finance Minister Lim Guan Eng. In a statement on Sunday (Aug 12), Lim said basic materials such as bricks, cement, sand and other construction materials were subjected to the…
PETALING JAYA – Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September. “With the proposed exemption of goods from SST and the difference in GST (Goods and Services Tax)…
KUALA LUMPUR – The Malaysian property market is set to gradually improve in the years ahead through to 2020, said the Malaysian Institute of Estate Agents (MIEA). President Eric Lim Chin Heng said the property market might have bottomed out last year with transaction volume hitting the lowest point since…
KUALA LUMPUR – As the fate of the East Coast Rail Link (ECRL) mega project hangs in the balance, reports are now coming in that there have been significant retrenchments of local workers. According to Channel News Asia in Tweeter video report by Malaysia bureau chief Melissa Goh, nearly half…
