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‘Reducing corporate tax rate not necessity’

‘Reducing corporate tax rate not necessity’

KUALA LUMPUR: The corporate tax rate has been reduced from 28% in 2006 till 24% today, reflecting a 4% drop, said YYC KK Chow Tax Sdn Bhd executive director Zen Chow. “A lot of us will think that once GST (Goods and Services Tax) is introduced, there should be some gradual reduction in income tax and […]

April 18, 2018 | By | Reply More
Implementing GST doesn't mean you must reduce income tax: Expert

Implementing GST doesn't mean you must reduce income tax: Expert

KUALA LUMPUR: The corporate tax rate has been reduced from 28% in 2006 till 24% today, reflecting a 4% drop, said YYC KK Chow Tax Sdn Bhd executive director Zen Chow. “A lot of us will think that once GST (Goods and Services Tax) is introduced, there should be some gradual reduction in income tax and […]

April 18, 2018 | By | Reply More
Bumi Armada still a ‘buy’ despite woes in Nigeria ops

Bumi Armada still a ‘buy’ despite woes in Nigeria ops

PETALING JAYA: Analysts have not changed their call on Bumi Armada Bhd despite continued problems at its Nigerian operations. AmInvestment Bank Bhd is keeping its “buy” recommendation on Bumi Armada Bhd with an unchanged forecasts and fair value of RM1.22 per share. In a note today, the research house said it continues to view the […]

April 18, 2018 | By | Reply More
Bumi Armada still a ‘buy’ despite problems in Nigeria operations

Bumi Armada still a ‘buy’ despite problems in Nigeria operations

PETALING JAYA: Analysts have not changed their call on Bumi Armada Bhd despite continued problems at its Nigerian operations. AmInvestment Bank Bhd is keeping its “buy” recommendation on Bumi Armada Bhd with an unchanged forecasts and fair value of RM1.22 per share. In a note today, the research house said it continues to view the […]

April 18, 2018 | By | Reply More
TAS Offshore records net loss in third quarter

TAS Offshore records net loss in third quarter

PETALING JAYA: Shipbuilding and repair company TAS Offshore Bhd recorded a net loss of RM569,000 in the third quarter ended Feb 28 against a net profit of RM1.29 million reported in the same quarter a year ago. Revenue for the quarter under review fell by 45.96% to RM7.39 million from RM13.69 million. While the board […]

April 18, 2018 | By | Reply More
7-Eleven Malaysia announces dividend share, cash payout

7-Eleven Malaysia announces dividend share, cash payout

PETALING JAYA: 7-Eleven Malaysia Holdings Bhd, which today announced cash and shares distribution as dividends, is acquiring a 60% stake in foodstuff supplier Café Decoral Sdn Bhd for RM600,000. The group is paying out an interim single-tier cash dividend of 2.7 sen per ordinary share; and a share dividend distribution of 18.5 million treasury shares […]

April 18, 2018 | By | Reply More
CCM accepts US$25m facility from Sumitomo

CCM accepts US$25m facility from Sumitomo

PETALING JAYA: Chemical Company of Malaysia Bhd (CCM) has accepted a US$25 million (RM100 million) Commodity Murabahah Term Financing-i Committed facility from Sumitomo Mitsui Banking Corporation Malaysia Bhd (SMBC) to facilitate its overall cash-flow planning and loan restructuring exercise. CCM said in a bourse filing that it already has an outstanding term loan with SMBC […]

April 18, 2018 | By | Reply More
Titijaya spent RM150,000 to upgrade school

Titijaya spent RM150,000 to upgrade school

SELANGOR: Developer Titijaya Land Bhd has spent RM150,000 to build new washroom facilities, unclog the sewerage system and replace broken floor tiles at Sekolah Kebangsaan Taman Bukit Maluri. Titijaya’s initiative to give back to the community bodes well for the primary school children and teachers who have had to endure inconvenience. During the course of […]

April 18, 2018 | By | Reply More
PIDM increased total funds and reserves to RM3.6 billion in 2017

PIDM increased total funds and reserves to RM3.6 billion in 2017

by NST Business KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) reported a total income of RM575.4 million with an operational net surplus of RM463.0 million, increasing its total funds and reserves to RM3.6 billion for the year ended Dec 31 2017. Going forward into 2018, PIDM will further enhance its policy framework to implement recovery […]

April 18, 2018 | By | Reply More
Keck Seng Malaysia pays RM120m to buy shares in AccorInvest

Keck Seng Malaysia pays RM120m to buy shares in AccorInvest

PETALING JAYA: Keck Seng Malaysia Bhd (KSM) has subscribed to €25 million (RM120 million) worth of shares and Tracking Preferred Equity Certificates (TPEC) issued by A2I Holdings S.A.R.L, a conduit to purchase shares in hotel real estate group AccorInvest Group S.A. The subscription was made through Brosna Ltd, a subsidiary incorporated in Hong Kong, through […]

April 18, 2018 | By | Reply More