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September 5, 2018 9:46 AM Former PAS assemblywoman freed on MACC bail

SHAH ALAM: A former Selangor state assemblywoman from PAS was released today after a two-day remand to facilitate investigation by the Malaysian Anti-Corruption Commission (MACC) for alleged abuse of government fund, amounting RM50,000. Magistrate Shazali Hidayat Shariff allowed the 56-year-old woman to be released on MACC bail of RM10,000 with one surety 71

September 5, 2018 7:51 AM EPF sees 7.64% increase in investment income in Q2

PETALING JAYA: The Employees Provident Fund (EPF) saw a 7.64% increase in total investment income to RM12.39 billion for the second quarter ended June 30, 2018 against RM11.51 billion in the previous corresponding period. In a statement released today, the pension fund's deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif said the trading environment 38

September 5, 2018 2:57 AM Telcos told to stop charging SST on prepaid reloads by MoF

PETALING JAYA: Telecommunications companies have been instructed to stop charging the Sales and Services Tax (SST) on Malaysians for the purchase of prepaid reloads. The Finance Ministry said this tax exemption on prepaid services was to address the issue of companies having difficulties in adjusting their systems in view of the SST implementation on Sept 1. The ministry 61

September 4, 2018 11:18 AM Road works along Jalan Balakong has nothing to do with by-election: Baru Bian

BALAKONG: Works Minister Baru Bian said the road upgrading work along Jalan Balakong is not a move by the Pakatan Harapan government to fish for votes in the upcoming by-election. Speaking to members of the media here, he said it was mere coincidence that the upgrading works were being implemented in the run-up to the polls on Sept 8. "If a development 23

September 4, 2018 11:00 AM Selangor to reallocate RM200k to each BN assemblyman

SHAH ALAM: The Selangor government will reallocate RM200,000 to each Barisan Nasional (BN) assemblyman in the state to carry out projects for the people's well-being. Mentri Besar Amirudin Shari said the allocation was the policy of the state government and it was prepared to give it even though the BN assemblymen used to reject the allocation 20

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 19

September 4, 2018 10:19 AM Nearly 100 elephants killed for ivory in Botswana

GABORONE, Botswana: Ninety elephant carcasses have been discovered in Botswana with their tusks hacked off, a charity said Tuesday, in what is believed to be one of Africa's worst mass poaching sprees. Most of the animals killed were large bulls carrying heavy tusks, Elephants Without Borders said. The grim discovery was made over several weeks during 24

September 4, 2018 6:57 AM Primary Industries Minister says will work with FGV to develop downstream palm oil segment

PETALING JAYA: Primary Industries Minister Teresa Kok has met with FGV Holdings Bhd and is willing to work with the company in relation to developing the downstream palm oil segment. Kok said at a press conference during International Strategy Institute's Corporate Malaysia Summit 2018, that the ministry is willing to work with FGV Holdings if the has company 35

September 3, 2018 3:09 PM Vertice joint-venture company wins RM815m contract in related party deal

PETALING JAYA: Vertice Bhd's 50:50 joint venture (JV) company with Vizione Holdings Bhd, Buildmarque Construction Sdn Bhd was awarded an RM815 million contract by Consortium Zenith Construction Sdn Bhd to undertake construction works for Package 2 of the Penang Mega Infrastructure Project. The award is for the construction of a 5.7km by-pass from Bandar 11

September 3, 2018 1:28 PM BNM seen holding key rate

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war. All 11 economists polled by Reuters see BNM holding its overnight policy rate at 3.25%. Malaysia has raised its policy rate once this year – by 25 basis 7