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September 4, 2018 10:43 AM Perodua dealers, vendors welcome SST, say car prices reduced

PETALING JAYA: Perodua dealers and vendors have welcomed the introduction of the Sales and Service Tax (SST), saying its implementation has managed to reduce the prices of their vehicles. In a joint statement today, the Perodua Dealers Association (PDA) and the Perodua Vendors' Club (KVP) noted the new tax structure, which imposes a 10% tax on sales 64

September 4, 2018 7:17 AM Woman loses RM34,101 to foreigner she met on Facebook

KUANTAN: A 60-year-old woman paid a heavy price for befriending and trusting an acquaintance on Facebook after she was cheated off RM34,101 last month. Pahang Commercial Crime Investigation Department chief Supt Mohd Wazir Mohd Yusof said the victim said she wanted to help a man known as Ying Jimmy, who claimed to be an American, to start a business 66

September 3, 2018 5:36 AM AirAsia on track to sell remaining 30 aircraft, RM2.89b disposal proceeds received so far

PETALING JAYA: AirAsia Group Bhd said it is on track to complete the disposal of the remaining 30 aircraft and 14 aircraft engines under its plans to divest the aircraft leasing operations. It is the group's strategy to divest non-core assets and focus on its core airline operating business. The low-cost carrier told Bursa Malaysia that it had completed 20

September 3, 2018 3:45 AM Media Prima shares up 7.32% after reporting profit in Q2

PETALING JAYA: Media Prima Bhd's share price up three sen or 7.32% this morning, after it returned to the black with a net profit of RM31.95 million for the second quarter of this year. This was on the back of its on-going business transformation initiatives to become Malaysia's leading digital-first content and commerce company. At 11.02am, the stock 17

September 1, 2018 9:17 AM No SST on satay in food outlets

IPOH: There will be no Sales and Services Tax (SST) imposed on satay sold in food outlets, said Finance Minister Lim Guan Eng. He said the SST on the popular Malaysian food is imposed during the processing stage for the purpose of packaging and sales. "It is the sales that get the SST, not at the outlets," he told reporters after a briefing on the SST at a hotel 17

August 30, 2018 6:58 AM RHB grows Q2 net profit by 12.2% on higher net interest income and lower credit losses

PETALING JAYA: RHB Bank Bhd grew second quarter ended June 30, 2018 net profit by 12.2%, on higher net interest income, income from Islamic banking business and significantly lower credit losses. Lower credit losses was mainly due to a RM19.0 million charge for equity instruments designated at fair value through other comprehensive income for the quarter 19

August 30, 2018 6:40 AM Eateries subject to SST if turnover exceeds RM1.5m annually

PUTRAJAYA: Malaysian eateries will only be subject to the Sales and Services Tax (SST) if their annual turnover exceeds RM1.5 million annually, said Finance Minister Lim Guan Eng (pix). He said the ministry agreed to raise the turnover threshold from the RM500,000 set under the Goods and Services Tax (GST), and asserted that the decision was final 21

August 30, 2018 5:22 AM PIAM: General insurance sees flat growth in 1H, expected to remain moderate in 2H

KUALA LUMPUR: The general insurance industry, which registered a marginal growth of 0.7% with gross written premiums of RM9.23 billion in the first half of 2018 (1H18), is expected to remain subdued for the rest of the year, with low single digit growth. "A single digit growth of 1%-2% could be achievable," General Insurance Association of Malaysia (PIAM) 15

August 29, 2018 11:53 AM Economic crime in Malaysia on the rise: PWC survey

KUALA LUMPUR: Economic crime in Malaysia has risen over the last two years, consistent with the global trend, according to PwC's Global Economic Crime and Fraud Survey 2018. Of the respondents, 41% experienced such crime compared with 28% in 2016, PwC said in a statement, adding that organisations were still not taking sufficient measures to protect 15

August 29, 2018 3:57 AM Puncak Niaga's share price falls 2.7% on narrowed losses

PETALING JAYA: Puncak Niaga Holdings Bhd’s share price fell as much as 2.75% or 1.5 sen to 53 sen at early trade after it narrowed its losses to RM4.3 million for the second quarter ended June 30, 2018 on a boost in construction contracts, sale of fresh fruit bunches (FFB) and its concession business. The group posted a net loss of RM30.4 million for the quarter 15