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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 70

September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 57

September 5, 2018 6:35 AM Gabungan AQRS expects better years ahead on projects in hand and low costs

PETALING JAYA: Gabungan AQRS Bhd expects to perform better this year and next, based on projects in hand and low operating cost. Group CEO Datuk Azizan Jaafar said its construction order book of RM2.4 billion will sustain the group for the next three years while the property division is expected to start contributing to the group's earnings next year. Speaking 57

September 4, 2018 12:34 PM EPF: Rise in approvals for flexible withdrawals in Q2

PETALING JAYA: The Employees Provident Fund (EPF) reported that 40% more contributors reaching the age of 55 and 60 in the second quarter of 2018, opted to retain part of their savings with EPF to earn dividends. There was a 48.65% increase to 67,969 (RM2.92 billion) approved applications for “Age 55 Flexible Withdrawal” in the second quarter, compared 26

September 3, 2018 10:12 AM We could have achieved more than seven gold medals: Syed Saddiq

PUTRAJAYA: The Malaysian Contingent was capable of delivering more than the seven gold medals it won in the 2018 Asian Games Jakarta-Palembang, which came to a close yesterday, according to Youth and Sports Minister Syed Saddiq Syed Abdul Rahman. "When I took up the office, I was told the minimum target is seven. However, for me personally, I don't take minimum 14

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 8

September 2, 2018 2:53 PM Licence for foreign deep sea fishing boat to be abolished

KUALA TERENGGANU: The Agriculture and Agro-based Industry Ministry will cease with the issuing of deep sea fishing licence to foreign fishermen to protect the interest of local fishermen, said its minister, Datuk Salahuddin Ayub. He said 828 deep sea fishing licences had been issued by the Malaysian Fisheries Department to foreign and local fishermen 9

September 2, 2018 10:26 AM Modified cash accounting system also shows RM16b missing: Lim

PUTRAJAYA: A total of RM16 billion of unreturned taxes has remained missing from the Fund for Tax Refund Trust Fund (TBBC) regardless of whether the government uses the modified cash basis or the accrual accounting system, according to Finance Minister Lim Guan Eng. Responding to former prime minister Datuk Seri Najib Abdul Razak's Facebook post, he said according 56

September 1, 2018 6:23 AM Dr M on two-day official visit to Brunei

PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad will make a two-day official visit to Brunei from tomorrow. The Foreign Ministry, in a statement, today said Dr Mahathir would be accompanied by his wife Tun Dr Siti Hasmah Mohd Ali, Foreign Minister Datuk Saifuddin Abdullah and officials from the Prime Minister's Department and Foreign Ministry 9

August 30, 2018 4:34 AM SST will be open to revision even after Sept 1: Guan Eng

PUTRAJAYA: The government will continue to revise the Sales and Services Tax (SST) based on feedback even after Sept 1, said Finance Minister Lim Guan Eng. Speaking to reporters at a briefing on SST today, he said the government will remain open to feedback and will continue with discussions, and make the necessary adjustments. Despite many queries on the tax system 9