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Restaurants only subjected to services tax when annual turnover hits RM1m

Restaurants only subjected to services tax when annual turnover hits RM1m

PETALING JAYA: While the annual turnover threshold for the 6% services tax has been set at RM500,000, Finance Minister Lim Guan Eng said restaurants across the country will only be subjected to the tax when their turnover hits RM1 million. “The government understands that the Malaysian people like to enjoy roti canai, nasi goreng, char […]

August 8, 2018 | By | Reply More
Primeworks Studios collaborates with three animation companies

Primeworks Studios collaborates with three animation companies

<p>KUALA LUMPUR: Media Prima Bhd’s subsidiary Primeworks Studios Sdn Bhd (PSSB) has inked partnership with three local animation companies to develop new animation projects.</p> © New Straits Times Press (M) Bhd

August 8, 2018 | By | Reply More
IJM Corp's RM1.2bil mixed development project scrapped

IJM Corp's RM1.2bil mixed development project scrapped

<p>KUALA LUMPUR: IJM Corp Bhd has shelved RM1.2 billion mixed development project in Seberang Perai Tengah following the mutual termination of a conditional share sale agreement (SSA) to acquire Giant Hectares Sdn Bhd.</p> © New Straits Times Press (M) Bhd

August 8, 2018 | By | Reply More
Wall Street sees funding hurdle to Musk’s plan to take Tesla private

Wall Street sees funding hurdle to Musk’s plan to take Tesla private

Most analysts were sceptical, but some said a deal could materialize if Musk succeeded in lining up the right funding. Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla. (Reuters pic) BENGALURU: Tesla Inc Chief Executive Officer Elon Musk’s plan to take the electric car maker private raised doubts among Wall […]

August 8, 2018 | By | Reply More
‘Alleviate the poor but don’t cap the rich’

‘Alleviate the poor but don’t cap the rich’

KUALA LUMPUR: In bridging the gap of inequality in terms of income and social security, the focus should be on lifting the bottom level of the social stratification, while at the same time advancing the growth prospects of the higher echelons. “I would be averse to simply try to control inequality by capping off the […]

August 8, 2018 | By | Reply More
Axis REIT buys warehouse factory for RM18.5m

Axis REIT buys warehouse factory for RM18.5m

PETALING JAYA: Axis Real Estate Investment Trust (Axis REIT) is acquiring an office and warehouse factory in Senawang Industrial Park, Seremban for RM18.5 million cash from Gandour (Malaysia) Sdn Bhd. Axis REIT said the proposed acquisition is in line with its investment objectives and growth strategy to provide the unitholders with stable income distribution and […]

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MKDB seeks RM1.15 million from Jiankun subsidiary

MKDB seeks RM1.15 million from Jiankun subsidiary

PETALING JAYA: MKDB Sdn Bhd has retracted a RM1.15 million notice of demand served against Jiankun International Bhd’s wholly owned subsidiary JKI Development Sdn Bhd, but demanding the same amount of money from another wholly owned subsidiary, JKI Construction Sdn Bhd. Jiankun told Bursa Malaysia that JKI Construction was served with a notice of demand […]

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Global Islamic Finance Forum returns

Global Islamic Finance Forum returns

<p>KUALA LUMPUR: The Global Islamic Finance Forum (GIFF) returns this year, themed “Beyond Profit”, which is scheduled on October 3-4 here.</p> © New Straits Times Press (M) Bhd

August 8, 2018 | By | Reply More
‘Big shoes to fill as CEO’

‘Big shoes to fill as CEO’

KUALA LUMPUR: Employees Provident Fund (EPF) CEO-designate Tunku Alizakri Raja Muhammad Alias said he has big shoes to fill, taking over from outgoing CEO Datuk Shahril Ridza Ridzuan, who was there for five years. Shahril is due to report for duty at Khazanah Nasional Bhd as managing director on Aug 20. Calling it an unexpected […]

August 8, 2018 | By | Reply More
MQReit second quarter earnings rallies 6.5%

MQReit second quarter earnings rallies 6.5%

PETALING JAYA: MRCB-Quill REIT’s (MQReit) net profit for the second quarter ended June 30 rose 6.5% to RM23.49 million from RM22.04 million a year ago underpinned by lower property expenses and total expenditure incurred. Its revenue rose marginally by 0.2% to RM43.69 million compared with RM43.61 million in the previous year’s corresponding quarter. This translates […]

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