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MoF: No plans to raise GST

MoF: No plans to raise GST

  KUALA LUMPUR: The government has no plans to change the rate of the goods and services tax (GST) which has been set at six per cent, said the Ministry of Finance. In a written reply, which was circulated to the media during the Dewan Rakyat sitting on Monday, the ministry explained that the rate was […]

November 20, 2017 | By | Reply More
Malaysia's overseas investments reach RM908b at June 2017

Malaysia's overseas investments reach RM908b at June 2017

KUALA LUMPUR: Malaysia’s position in terms of foreign direct investment and portfolio investment amounted to RM908bil for the period ended June 2017, the Dewan Rakyat was told. The Ministry of Finance Ministry (MoF) said more than half of the investments or RM574bil comprised foreign direct investment abroad (DIA) by Malaysian companies. Top investment destinations were […]

November 20, 2017 | By | Reply More
Sime Darby's West Malaysia estates to be MSPO-certified in 1Q18

Sime Darby's West Malaysia estates to be MSPO-certified in 1Q18

KUALA LUMPUR: Sime Darby Bhd expects its estates throughout Peninsular Malaysia to be MSPO-certified by the first quarter of 2018, said its plantation division chief executive officer Datuk Franki Anthony Dass. Compliance with the Malaysian Sustainable Palm Oil (MSPO) certification is mandatory for all oil palm planters in the country by the end of 2019. […]

November 20, 2017 | By | Reply More
Malaysia calls for EU's acceptance of MSPO certification

Malaysia calls for EU's acceptance of MSPO certification

PUTRAJAYA: Malaysia is calling upon 18 European ambassadors lead by the European Union (EU) ambassador Maria Castillo Fernandez to accredit and accept the Malaysian Sustainable Palm Oil (MSPO) certification. “We call upon European ambassadors to consider MSPO, which is also the national standard of Malaysia, to be accredited and accepted in the EU,” said Plantation […]

November 20, 2017 | By | Reply More
Nov 20: Ringgit continues rise against US dollar

Nov 20: Ringgit continues rise against US dollar

KUALA LUMPUR: The ringgit continued its upward momentum to end higher against the US dollar today on positive sentiment brought about by expectations of Malaysia’s stronger economic growth. At 6pm, the local unit traded at 4.1480/1510 against the greenback, from 4.1600/1630 last Friday. A dealer said the ringgit continued to respond to the positive spill-over […]

November 20, 2017 | By | Reply More
Sime Darby seeks further clarification on  government freez

Sime Darby seeks further clarification on  government freez

KUALA LUMPUR: Sime Darby Bhd via REHDA, is seeking further clarification about the government freezing approval for new applications to build shopping centres, offices, serviced apartments and luxury condominiums in the city centre. “It is still premature for us to comment on this new ruling by DBKL,” said Sime Darby Property managing director Datuk Seri […]

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PDP tender for KL-Singapore high speed rail project open on Nov 22

PDP tender for KL-Singapore high speed rail project open on Nov 22

KUALA LUMPUR: MyHSR Corp Sdn Bhd will call for a tender to appoint the project delivery partner (PDP) for the Kuala Lumpur-Singapore High Speed Rail project on Wednesday. The PDP will develop detailed design for the infrastructure works which includes the station and alignment structures (i.e. bridges, tunnels and embankments) in Malaysia and build these […]

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BNM and FMC releases third round of initiatives to deepen the financial market

BNM and FMC releases third round of initiatives to deepen the financial market

KUALA LUMPUR: Bank Negara Malaysia and the Financial Market Committee have introduced three new initiatives to increase liquidity in the market and boost trading activities for government bonds in the secondary market. The central bank’s governor Tan Sri Muhammad Ibrahim, in announcing the third series of initiatives at the Financial Market Association of Malaysia’s annual […]

November 20, 2017 | By | Reply More
myBIM promotes modern construction technology

myBIM promotes modern construction technology

KUALA LUMPUR: The government is set to enforce the Building Information Modelling (BIM) for construction of public projects above RM100 million by 2019. Works Minister Datuk Seri Fadillah Yusof said the adoption of BIM would enable developer to control development cost by allowing precise building design. “There will be no changes in construction cost as […]

November 20, 2017 | By | Reply More
Lethargic ringgit movement due to misperceptions: Muhammad

Lethargic ringgit movement due to misperceptions: Muhammad

KUALA LUMPUR: The ringgit is now priced more efficiently and increasingly more reflective of Malaysia’s strong fundamentals yet the movements of the local note is still lethargic, said Bank Negara Malaysia governor Tan Sri Muhammad Ibrahim. He said most of the movements of the ringgit was not driven by facts, but misperceptions. “Despite strong GDP […]

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