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August 15, 2018 1:04 PM Focus on public-private tie-ups to achieve Vision 2020/25: IDC

KUALA LUMPUR: International Data Corporation (IDC) Asean is calling for the new government to focus on public-private collaborations to achieve Vision 2020/25. As the initial Vision 2020 set higher goals to transform the country’s society and economy, the public sector needs to step up to set the direction and planning towards building a balanced ecosystem 59

August 15, 2018 11:44 AM Government will repay RM19.25b GST refunds from 2019

PETALING JAYA: Finance Minister Lim Guan Eng said in a statement today that the government will repay RM19.25 billion in outstanding GST refunds to 121,429 companies and individuals from next year. The GST Refunds Trust Account currently only holds RM148.6 million and Lim did not elaborate on how the government would make good on the payments, which 144

August 15, 2018 8:00 AM BFood to bring Kenny Rogers Roasters and Jollibean to India

KUALA LUMPUR: Berjaya Food Bhd (BFood) and India's World Iconic Brands Hospitality Private Limited (WIB) today inked a memorandum of understanding to expand the Kenny Rogers Roasters (KRR) and Jollibean brands in India. WIB, the agency responsible for commerce development of the Jollibean and KRR brands in India, will invest US$50 million to open 30 KRR restaurants 35

August 15, 2018 6:59 AM KK Supermart saw 10-15% sales increment during tax holiday

KUALA LUMPUR: KK Supermart & Superstore Sdn Bhd, which enjoyed 10%-15% sales increment during the tax holiday period, is on track to achieve its sales target for the year, said its founder and executive chairman Datuk Seri Dr KK Chai. "This month, sales will increase over the next two weeks. Once SST (Sales and Services Tax) comes in, market sentiment 67

August 14, 2018 6:40 AM Mercy to focus on Mon State where 10,166 people in 10 villages are hit

KUALA LUMPUR: Mercy Malaysia will focus its Myanmar humanitarian effort on the Mon State which had been hit by the most severe floods in 40 years. Mercy Malaysia Myanmar country manager Shah Fiesal Hussain said the first phase of its relief efforts started in late May when a team of four assessed the situations in Mon, Kayin and Bago states. He said 10 villages 44

August 14, 2018 5:16 AM SSM offers up to 80% discount on compounds

PETALING JAYA: Companies Commission of Malaysia (SSM) is offering up to 80% discount for compounds imposed on companies, starting Sept 1 until Dec 31. Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Saifuddin Nasution Ismail, who officiated SSM National Conference 2018 this morning, said the move was taken in conjunction with SSM’s “Comply 31

August 14, 2018 5:00 AM Ideas: Easing monetary policy, fiscal stimuli not the right move

PETALING JAYA: Easing monetary policy and introducing fiscal stimuli to support consumption may not be the right way to prepare Malaysia for its first recession since 2009, said the Institute for Democracy and Economic Affairs (Ideas). Ideas senior fellow Dr Carmelo Ferlito was responding to Bank Islam Malaysia chief economist Dr Mohd Afzanizam Abdul 175

August 13, 2018 2:46 PM Malaysia-China relations have hit rock bottom, and Mahathir knows it

Dr Mahathir Mohamad has issued a stern warning to China against further militarising the South China Sea (see news item below). Speaking to The Associated Press days ahead of his visit to Beijing, the Prime Minister announced that he would seek to cancel multibillion-dollar infrastructure projects that his predecessor, Dato’ Seri Najib Tun Razak, signed 56

August 13, 2018 12:41 PM Fed govt needs to provide alternatives for rejecting PTMP: Chow

GEORGE TOWN: Penang hopes the federal government will provide alternatives to the Penang Transport Master Plan (PTMP) if its application for the mega project is rejected. Penang Chief Minister Chow Kon Yeow said the state government had started the project in 2013 and the first phase of PTMP, which is the Pan Island Link 1 (PIL1) and the light rail transit 33

August 12, 2018 1:09 PM France to set penalities on non-recycled plastic next year

PARIS: France plans to introduce a penalty system that would increase the costs of consumer goods with packaging made of non-recycled plastic, part of a pledge to use only recycled plastic nationwide by 2025, an environment ministry official said Sunday. Brune Poirson, secretary of state for ecological transition, said the move was one of several to be implemented 53