The Inheritance Tax will put unnecessary burden on heirs, said Ho PETALING JAYA: The Real Estate and Housing Developers’ Association (Rehda) Malaysia has taken note of the speculations surrounding the potential reintroduction of inheritance tax, which could be announced during this Friday’s Budget 2025 presentation by Prime Minister Datuk Seri Anwar Ibrahim. The Association believes…
Read MoreThe sale of the stake in PLB Green Solar Sdn Bhd — held through PLB’s 85.71%-owned subsidiary PLB Terang Sdn Bhd — is expected to generate a profit of RM10.76 million for PLB, according to the company’s filing with Bursa Malaysia on Tuesday. KUALA LUMPUR (Oct 15): Construction and property company PLB Engineering Bhd (KL:PLB)…
Read MoreKUALA LUMPUR (Oct 15): The government will continue to streamline the development framework of the East Coast Economic Region (ECER) for the next five years so that efforts to bridge the development gap between regions and attract more investments to the east coast can be realised. Prime Minister Datuk Seri Anwar Ibrahim said among the…
Read MoreKUALA LUMPUR (Oct 16): An inheritance tax will only be a burden to the family’s heirs, and particularly stifling to lower income or middle-class children of well-to-do parents who would have to bear the possibly excessive tax they are suddenly ladened with due to the property they inherited. Real Estate and Housing Developers’ Association (REHDA)…
Read MoreLBS Bina unveils RM9.5 bil GDV Rimbawan township in Genting Highlands; Budget 2025 wishlist According to the press statement issued on Tuesday, the township will offer bungalow lots, landed properties, high-rise residential units, commercial lots, 50 acres of preserved forest, 9km of jungle paths, over 6km of cycling and jogging tracks and playgrounds. KUALA LUMPUR…
Read MoreKUALA LUMPUR (Oct 16): Henry Butcher Malaysia (Mont Kiara) Sdn Bhd (HBMK) marked its growing success with an Annual Dinner 2024 recently at the Majestic Hotel Kuala Lumpur. Themed “A Night of Floral Fantasy”, event celebrated the accomplishments and dedication of the HBMK team while “serving as a celebration and appreciation for staff while highlighting…
Read MoreKUALA LUMPUR (Oct 16): The location of the landslide that occurred on Jalan E6, Taman Melawati, on Tuesday is one of 114 out of 600 hotspots identified in Selangor’s Ampang Jaya district as red zones or highly at risk of landslides. Selangor Menteri Besar Datuk Seri Amirudin Shari said that approximately 400 other areas are…
Read MoreKUALA LUMPUR (Oct 16): The Minerals and Geoscience Department began a detailed investigation on Wednesday morning at the landslide site on Jalan E6, Taman Melawati. Selangor Menteri Besar Datuk Seri Amirudin Shari (pictured) said a comprehensive assessment will be conducted to ensure the safety of the land’s structure before residents can safely return home, which…
Read MoreKUALA LUMPUR (Oct 16): Bank Negara Malaysia’s (BNM) decisions on the overnight policy rate (OPR) will continue to be driven by the country’s growth and inflation outlook, said Finance Minister II Datuk Seri Amir Hamzah Azizan. He said that the current OPR of 3% is conducive to supporting economic growth. “BNM’s point of view differs…
Read MoreKUALA LUMPUR (Oct 15): Several areas in the capital were inundated on Tuesday morning due to heavy rainfall, with the reading taken at the city centre showing over 114 millimetres (mm) per hour, almost double the normal reading of 60mm per hour. The Kuala Lumpur City Hall (DBKL) said that continuous rain, starting from around 8.30am,…
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