Recent Articles

‘Never been any plans to raise GST’

‘Never been any plans to raise GST’

KUALA LUMPUR: The government has never planned to raise the Goods and Services Tax (GST) even on the assumption that the price of oil would go below US$48 (RM210.24) a barrel next year. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said an assumption regarding the oil price could be made but it could not […]

November 17, 2015 | By | Reply More
OCBC Malaysia’s Islamic banking arm expands to Sabah, Sarawak

OCBC Malaysia’s Islamic banking arm expands to Sabah, Sarawak

PETALING JAYA: OCBC Bank (Malaysia) Bhd is expanding its Islamic banking branch network to Sabah and Sarawak through the establishment of its inaugural OCBC Al-Amin branches in Sandakan and Sibu next month. OCBC Bank offers Islamic banking products and services through its wholly-owned subsidiary, OCBC Al-Amin Bank Bhd. In a statement released yesterday, OCBC Bank […]

November 17, 2015 | By | Reply More
New home for Miti headquarters

New home for Miti headquarters

KUALA LUMPUR: The Ministry of International Trade and Industry (Miti) will be relocating its headquarters to Menara Miti in Jalan Sultan Haji Ahmad Shah, Kuala Lumpur, it said yesterday. The relocation will be done in stages from Nov 24 to Nov 29. Due to this, Miti said, the Trade Facilitation Information System, will not be […]

November 17, 2015 | By | Reply More
Cheaper cars unlikely despite trade pacts

Cheaper cars unlikely despite trade pacts

PETALING JAYA: Cheaper cars may still elude Malaysian consumers even with the gradual reduction of import duty under the Trans-Pacific Partnership Agreement (TPPA), which takes effect in 2018, as local tax and charges may still be applied. An industry analyst said there is every possibility that the government will still enforce excise duty and car […]

November 17, 2015 | By | Reply More
TPPA allows tobacco control measures

TPPA allows tobacco control measures

KUALA LUMPUR: The final text of the Trans-Pacific Partnership agreement (TPPA) includes a provision which states that claims challenging a tobacco control measure cannot be made under the Investor-State Dispute Settlement (ISDS) mechanism. The Ministry of International Trade and Industry (Miti) said this is the first time where tobacco is given exceptional treatment in multilateral […]

November 17, 2015 | By | Reply More
Multi-Usage appoints UHY FLVS special auditor

Multi-Usage appoints UHY FLVS special auditor

PETALING JAYA: Building materials manufacturer Multi-Usage Holdings Bhd (MUH) has appointed UHY FLVS Sdn Bhd to carry out special audit on complaints filed against a number of its directors. In a filing with Bursa Malaysia yesterday, MUH said the report from the special audit is expected to be issued on the fourth week of January […]

November 17, 2015 | By | Reply More
Ta Ann: MACC probe shows no wrong-doing

Ta Ann: MACC probe shows no wrong-doing

PETALING JAYA: Sibu-based plantation and timber group Ta Ann Holdings Bhd said yesterday the Malaysian Anti-Corruption Commission (MACC) has found no evidence of any wrong-doing by the company and its group of companies. In May this year, Ta Ann and its two units, Ta Ann Plywood Sdn Bhd and Lik Shen Sawmill Sdn Bhd, as […]

November 17, 2015 | By | Reply More
Wall Street gives up gains after Germany bomb scare

Wall Street gives up gains after Germany bomb scare

REUTERS: U.S. stocks forfeited gains on Tuesday after a soccer match between Germany and the Netherlands was called off over fears of a bombing. All three major U.S. indexes had ventured into positive territory following upbeat earnings reports from Wal-Mart and Home Depot . But they quickly relinquished those gains after the friendly match was […]

November 17, 2015 | By | Reply More
Oil drops as glut woes return

Oil drops as glut woes return

NEW YORK: World oil prices dropped on Tuesday (Nov 17) after Monday’s one-off gain as supply forces continued to dominate the market. Moderate autumn temperatures in the United States have raised expectations for another increase in US commercial crude stockpiles in the country this week, keeping the downward pressure on prices. Another rise in the dollar also […]

November 17, 2015 | By | Reply More
Top healthcare stock fund focuses on costs, orphan drugs in 2016

Top healthcare stock fund focuses on costs, orphan drugs in 2016

NEW YORK: Healthcare companies that can either contain costs or develop medications to treat rare diseases, known as orphan drugs, will be the most likely to outperform in the coming year, said John Fraunces, whose Turner Medical Sciences Long/Short fund is among the top performing healthcare funds over the last 5 years. Fraunces, who co-manages […]

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