KUALA LUMPUR (Feb 27): With no prior warning or consultation, the government’s decision to include almost all maintenance and repair (M&R) jobs under the service tax’s scope came as a shock and has left the public ill-prepared for it, according to a tax expert. Grant Thornton Indirect Tax & Transfer Pricing senior executive director Alan…
Read MoreKUALA LUMPUR (Feb 27): In a surprise move, the government has decided to expand the 6% service tax — which will be raised to 8% come March 1 — to include almost all types of maintenance and repair (M&R) jobs, while it provided exemptions for certain logistics services. According to a federal government gazette on…
Read MoreKUALA LUMPUR (Feb 27): The market-driven fare structure imposed on Express Rail Link Sdn Bhd (ERL) in its 30-year concession extension means that the government does not have to pay compensation if it does not approve fare increases, said deputy minister of transport Datuk Hasbi Habibollah. “ERL is allowed to impose market-driven fares which will…
Read MoreKUALA LUMPUR (Feb 27): Coming off an impressive first financial quarter results, Berjaya Land Bhd (BLand) has gone into the red with a net loss of RM76.48 million for the second financial quarter ended Dec 31, 2024 (2QFY2024), against a net profit of RM84.39 million a year earlier, as the group was negatively impacted by…
Read MoreIn assessing the state of Malaysia’s housing market, focus on indicators that mirror the market’s vitality and trajectory. For potential homebuyers, understanding the market is key to balancing financial security, family needs, and investment goals for clear and confident decision-making. For sellers and investors, staying abreast of market trends is key to devising effective strategies….
Read MoreKUALA LUMPUR (Feb 26): RHB Retail Research said Eastern & Oriental Bhd may extend its uptrend after undergoing a bullish breakout. In a trading stocks note on Monday, the research house said that the counter broke past the 93 sen resistance on the heel of strong volume — indicating bullish momentum is in play now….
Read MoreKUALA LUMPUR (Feb 23): Kerjaya Prospek Property Bhd’s net profit for the third quarter ended Dec 31, 2023 (3QFY2024) rose a marginal 1.65% to RM23.91 million from RM23.53 million a year ago, as higher costs compressed its margins. According to the property developer’s filing, quarterly revenue climbed 21.41% to RM99.32 million versus RM81.81 million previously,…
Read MoreKUALA LUMPUR (Feb 24): Property developer Titijaya Land Bhd has appointed former Kuala Lumpur mayor Datuk Seri Mahadi Che Ngah as its new independent non-executive chairman. Mahadi, 64, served as the 13th mayor of Kuala Lumpur from Oct 1, 2020, to March 31, 2023. His appointment to the board of Titijaya Land was effective immediately,…
Read MoreKUALA LUMPUR (Feb 23): Department store and mall operator Aeon Co (M) Bhd said on Friday that its net profit rose 31% in the fourth quarter from a year earlier, thanks to higher occupancy rate, rental renewals and cost control, while flagging risks from government policy measures. Net profit for the three months ended Dec…
Read MoreKUALA LUMPUR (Feb 23): Axis Real Estate Investment Trust (Axis REIT) announced that the group has entered into a sales and purchase agreement (SPA) with Amsteel Mills Sdn Bhd (AMSB) for the acquisition of a leasehold industrial complex in Klang for RM49 million, cash. Following the acquisition, AMSB will lease the property back from Axis…
Read More
