KUALA LUMPUR, Aug 11 – The delay in refunding the input tax from the Goods and Services Tax (GST) to companies will affect their cash flow as they might need to rely on borrowings to cover the unexpected delay. Tax consultant from YYC Holdings Sdn Bhd, Yap Shin Siang, said companies
GEORGE TOWN, Aug 11 – Penang has chalked up investments worth RM1 billion in the first quarter of this year. Chief Minister Chow Kon Yeow said the first quarter figure comprised RM580 million of foreign investments and RM439 million from domestic investors. “With the record investment captured so far, Penang is expected
PUTRAJAYA, Aug 10 – The full amount of RM82.9 billion demanded by the Royal Malaysian Customs Department (JKDM) for repayment of the Goods and Services Tax was not transferred to the Trust Fund, said Customs Director-General Datuk Seri T. Subromaniam. He said that for the period from April 1, 2015, until
GEORGE TOWN, Aug 10 – The slow lane at several locations along the Penang Bridge will be closed in stages until Aug 30 to enable routine inspection and maintenance work. The highway concessionaire PLUS Malaysia Berhad (PLUS) announced in a statement today that the routine inspection and maintenance work under the
KUALA LUMPUR, Aug 10 – Parts of Jalan Sultan Ismail and Jalan Barat around the Imbi area will be experiencing traffic disruption from Aug 11 following the infrastructure works for the Tun Razak Exchange (TRX). TRX City Sdn Bhd’s senior vice-president (Stakeholder management), Mohamed Razib Ahmad Din said the affected routes
GEORGE TOWN, Aug 10 – The Penang state government is reviewing a proposal to build an underground reservoir such as the one in Bangkok, Thailand which is capable of accommodating 3,785 cubic metres of rainwater in efforts to tackle flooding in the state. State Public Works Committee, Utility and Flood Mitigation
GEORGE TOWN, Aug 10 – The Penang state government will apply to the Ministry of Housing and Local Government (KPKT) to raise the status of Seberang Perai Municipal Council to that of a city in the near future. Chairman of the State Committee on Housing, Local Government and Urban and Rural
KUALA LUMPUR, Aug 9 – The Employees Provident Fund (EPF) and ride-hailing service provider, Grab Malaysia, signed a memorandum of understanding (MoU) to encourage the ride-hailing driver-partners community to participate in EPF’s voluntary retirement savings programme, Caruman Sukarela Insentif Persaraan (i-Saraan). EPF Chief Executive Officer Datuk Shahril Ridza Ridzuan said members
KUALA LUMPUR, Aug 9 – Companies which are unable to collect their Goods and Services Tax (GST) refunds from the Royal Malaysian Customs Department should seek legal advice, said Lee Hishamuddin Allen & Gledhill (LHAG) Partner, S. Saravana Kumar. He said companies can consult legal advisors if they do not get
KUALA LUMPUR, Aug 9 – Former International Trade and Industry Minister and Member of Parliament for Jeli, Datuk Seri Mustapa Mohamad, urged the government to immediately investigate Finance Minister Lim Guan Eng’s allegations that the previous Barisan Nasional-led (BN) government had stolen RM19.4 billion of Goods and Services Tax refunds. He
GEORGE TOWN, Aug 9 – Penang Chief Minister Chow Kon Yeow has asked former prime minister Datuk Seri Najib Abdul Razak not to mislead the public by distorting what he described as two distinctly different infrastructure projects – the Pan Island Link 1 (PIL 1) Highway and the East Coast Rail
PETALING JAYA, Aug 9 – Datuk Seri Anwar Ibrahim is officially the new president of Parti Keadilan Rakyat (PKR), having won the post unopposed, it was announced here today. However, Anwar will only assume that role after the PKR national congress scheduled for Nov 16 and 17, said PKR elections committee
KUALA LUMPUR, Aug 7 – The tax refund for the input tax of outstanding Goods and Services Tax (GST) is not likely to be carried out as the money paid in advance was not included in the government’s trust account under the previous administration, said Finance Minister Lim Guan Eng. He said the money paid in
KUALA LUMPUR, Aug 7 – The Government will increase the annual sales threshold for eligibility to register for the Sales Tax to RM500,000 annually under the Sales and Tax Service Tax (SST) from RM100,000 previously. Finance Minister Lim Guan Eng said the annual turnover threshold of RM500,000 would also apply to
KUALA LUMPUR, Aug 7 – The Communications and Multimedia Ministry is looking at measures to upgrade the government-built 1Malaysia Internet Centres (PI1Ms) across the country that are either in a state of disrepair or are no longer functioning. Minister Gobind Singh Deo said this move was to enable the objective of
GEORGE TOWN, Aug 7 – Penang Chief Minister Chow Kon Yeow yesterday urged the federal government to study the financial impact of abolishing toll on the Penang Bridge. “The federal government must study the implications of paying compensation to the concessionaire and maintenance costs based on the concession contract which still
PETALING JAYA, Aug 5 – PKR vice-president Nurul Izzah Anwar today submitted her nomination to defend her post at the party election this September. The nomination form was submitted by her representative, PKR Communication director Fahmi Fadzil at about 2.30pm. According to Fahmi, Nurul Izzah, who is Permatang Pauh Member of Parliament
PETALING JAYA, Aug 5 – PKR vice-president Rafizi Ramli confirms he will be contesting for the party deputy presidency in its upcoming polls, following the submission of his nomination form today. The form was submitted by his representative at PKR headquarters here at about 11.30am. According to PKR Elections Committee secretary Ismail
PETALING JAYA, Aug 5 – Datuk Seri Anwar Ibrahim has sent in his nomination form to contest the PKR president post to the 2018 PKR Elections Committee here today. His candidacy form proposed by Datuk Seri Dr Wan Azizah Wan Ismail was handed over by PKR strategic director Sim Tze Tzin as
GEORGE TOWN, Aug 5 – Prime Minister Tun Dr Mahathir Mohamad has described that this year’s National Day celebration will be more meaningful as Malaysians are not only celebrating the country’s independence but also rejoicing the liberation of a kleptocratic government. He said it was also to celebrate the victory of
