Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.


All category news

  • Fact-finding mission - Features

    December 19, 2013 2:39 AM 792

    Palm oil has been hit by negative campaigns in the West. Several Members of the European Parliament visit a Felda plantation to get a wider view of the issues. THE singular row of corn growing by the side of the road seems a little out of place. Its tall stems sway in the breeze, as our party of European parliamentarians disembark after their two-hour

  • No tax imposed for withdrawal of PRS after reaching 55: Ahmad Maslan

    December 18, 2013 11:32 AM 26

    KUALA LUMPUR (Dec 18, 2013): No tax is imposed for the withdrawal of money from the Private Retirement Scheme (PRS) after reaching the retirement age of 55 years. Deputy Finance Minister Datuk Ahmad Maslan said the 8% tax imposed for withdrawal before 55 years was to curb early withdrawal of savings by retirees. "The introduction of PRS effective Assessment

  • 2pc levy to prevent property flipping | Malaysia | The Malay Mail Online

    December 18, 2013 9:28 AM 27

    The two per cent levy is among the many conditions in the new housing policies introduced in Penang’s budget 2014 to arrest escalating property prices in the state. – Picture by K.E. OoiGEORGE TOWN, Dec 18 — The two per cent levy imposed on homes sold within three years is to prevent property flipping in Penang, Chief Minister Lim Guan Eng explained

  • Highway operators already making money without toll hike, says Guan Eng

    December 18, 2013 8:25 AM 28

    Major highways are expected to see hike in toll rates by between 50 sen and RM2. - The Malaysian Insider, December 18, 2013.Putrajaya cannot justify increasing toll charges as highway concessionaires have reported huge profits over the past five years, said DAP. Citing Litrak, the concessionaire for Lebuhraya Damansara-Puchong (LDP), as an example, DAP secretary-general

  • PAS says toll collection should end when companies recover costs and make profit

    December 17, 2013 12:13 PM 29

    Dr Dzulkefly Ahmad says the terms of agreement with concessionaires of tolled highways should be re-negotiated. – The Malaysian Insider pic by Nazir Sufari, December 17, 2013.PAS wants the government to re-negotiate the terms of agreement with concessionaires of tolled highways which have already made a profit and recovered their costs so that these

  • Top Glove’s Q1 pre-tax profit falls to RM61.86m

    December 17, 2013 9:00 AM 29

    KUALA LUMPUR, Dec 17 — Top Glove Corp Bhd’s pre-tax profit declined to RM61.84 million for its first quarter ended November 30,2013 against the RM70.38 million registered in the same period last year. Revenue for the quarter dipped to RM574 million from RM584.5 million in the same period last year. The lower revenue was due to lower average selling prices

  • Toll companies enjoying profits, so no need for hike, says PKR MP

    December 17, 2013 8:16 AM 26

    Putrajaya should renegotiate for reduced toll rates as toll concessionaires were already enjoying obscene profits, said PKR strategy director Rafizi Ramli (pic). "If Barisan Nasional was smart… they can decrease toll rates given the increase in volume of vehicles. After all they are all related agencies," he said. Plus Bhd, the operator of the North

  • Nazir Razak wins CEO of the year award

    December 17, 2013 4:04 AM 27

    File photo shows CIMB Group CEO Datuk Nazir Razak speaking during an interview with Reuters at his office in Kuala Lumpur February 7, 2013. The Minority Shareholder Watchdog Group (MSWG) named Nazir its CEO of the year 2013.– Reuters picKUALA LUMPUR, Dec 17 — At the recent Malaysia-Asean Corporate Governance Index Awards 2013, Datuk Nazir Razak, Group

  • Toll hike for 15 major expressways in Malaysia between 50 sen and RM2

    December 17, 2013 3:56 AM 35

    KUALA LUMPUR - The toll rates for 15 major highways are expected to increase next year. Although the exact amount has yet to be determined, the increase could range between 50 sen and RM2, said Works Minister Datuk Fadillah Yusof. He added that the toll concession agreements between the government and highway concessionaires were due for a review and operators

  • Lower rates as CSR, Umno Youth tells highway, utility companies

    December 16, 2013 2:22 PM 36

    Umno Youth deputy chief Khairul Azwan Harun urged Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid to ‘be reasonable’ in the latter’s defence of raising toll rates. — Picture by Saw Siow FengKUALA LUMPUR, Dec 16 — Profit-making highway concessionaires should reduce their toll rates as part of their corporate social responsibility (CSR)