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  • IRB confirms RM16.046b unreturned tax refunds

    August 24, 2018 11:41 AM 25

    PETALING JAYA: The Inland Revenue Board (IRB) today confirmed that the previous government did not return a total of RM16.046 billion in excess income tax and real property gains tax as at May 31, 2018 to taxpayers, mainly due to the shortfall in the Tax Refund Fund (TBBC). This, it said, involves 1.65 million cases comprising companies, individuals

  • Gamuda gets time extension till Sep 3 to accept Splash sale

    August 24, 2018 11:14 AM 20

    PETALING JAYA: Gamuda Bhd has been granted an extension of time from Pengurusan Air Selangor Sdn Bhd until Sept 3, 2018 to revert with the acceptance of the new agreement for its 40%-owned associate company Syarikat Pengeluar Air Selangor Holdings Bhd (Splash). On Tuesday, Gamuda and Taliworks Corp Bhd were informed by Air Selangor of a cut in the bulk water

  • Bintai Kinden receives RM1.63m contract from TNB

    August 24, 2018 9:21 AM 24

    PETALING JAYA: Bintai Kinden Corp Bhd has secured a RM1.63 million contract from Tenaga Nasional Bhd (TNB) to undertake the reconfiguration and retrofitting works for 132kV bulk supply to main intake substation (PMU) 132/33kV KLCC2, Kuala Lumpur. The group told Bursa Malaysia that the contract is non-renewable and estimated to be completed within 214 days from the commencement

  • PUC ties up with Revenue Monster to facilitate WeChat Pay transactions in Malaysia

    August 24, 2018 8:18 AM 26

    PETALING JAYA: PUC Bhd is collaborating with Revenue Monster Sdn Bhd to facilitate WeChat Pay transactions in Malaysia. PUC Bhd told the stock exchange that its wholly owned subsidiary Founder Pay Sdn Bhd had inked a memorandum of understanding (MoU) with Revenue Monster, whereby Founder Pay will lease Android-based payment terminals to Revenue Monster

  • Malaysia's inflation increases 0.9% in July

    August 24, 2018 6:24 AM 27

    PETALING JAYA: Malaysia's Consumer Price Index (CPI) continued to expand at a slower rate of 0.9% in July after the 0.8% growth rate recorded in June. According to the Department of Statistics, the sectors which saw a price increase were transport (+6.7%); housing, water, electricity, gas & other fuels (+2%); education (+1%); restaurants & hotels (+1%); and food & non-alcoholic

  • SP Setia's share price fall 2 sen despite higher profit

    August 24, 2018 4:26 AM 28

    PETALING JAYA: SP Setia Bhd’s shares were down by 0.68% or 2 sen to RM2.92 this morning despite achieving a 76.7% jump in earnings for the second quarter ended June 30, 2018. At 11.04 am, the stock was trading at RM2.92 with 391,100 shares done. Yesterday, the group reported a 76.7% surge in net profit during the quarter to RM442.74 million from RM250.57 million

  • ‘Bulk water supply rate cut to have impact on Gamuda’

    August 23, 2018 12:49 PM 125

    PETALING JAYA: PublicInvest Research views the cut in the bulk water supply rate in Pengurusan Air Selangor Sdn Bhd’s offer as a positive development as it confirms continuation for Gamuda Bhd in providing operation and maintenance services to the Sungai Selangor Water Treatment Plant Phase 3 (SSP3) and the recovery of RM400 million receivables owed by Syarikat

  • Sime Darby Plantation acquires coconut oil exporter

    August 23, 2018 12:46 PM 34

    KUALA LUMPUR: Sime Darby Plantation Bhd’s (SDP) wholly owned subsidiary New Britain Palm Oil Ltd (NBPOL) has completed the US$52.6 million (RM215.6 million) acquisition of Markham Farming Co Ltd (MFCL) from Markham Agro Pte Ltd (MAPL). In a filing with Bursa Malaysia, SDP said NBPOL has assumed the net debt of MFCL and MAPL of US$11 million. MFCL is now indirectly

  • Margma: Exports revenue for rubber glove expected to rise 16% to RM18.8b this year on strong global demand

    August 23, 2018 7:20 AM 29

    PETALING JAYA: The Malaysian rubber glove industry is expected to generate RM18.8 billion in export revenue this year, driven by robust global demand. This represents a projected 16% growth compared with the RM16.2 billion made last year. "The global demand for rubber gloves continues to rise and is expected to increase from 232.2 billion gloves in 2017 to 268 billion

  • IHH Healthcare likely to exit maiden investment in India: Report

    August 22, 2018 2:16 PM 26

    PETALING JAYA: The Economic Times of India reported late on Tuesday that Malaysia's IHH Healthcare Bhd, which recently succeeded in its bid for the much coveted Fortis Healthcare Ltd for 40 billion rupees (RM2.35 billion), is likely to exit its maiden investment in India, Kolkata's Apollo Gleneagles Hospitals. According to the report which cited people