Customs: Deposits, withdrawals not charged GST

By RUPA DAMODARAN - Monday, 30 March 2015.

PUTRAJAYA: The Goods and Services Tax (GST) for the finance and banking sector is based on fees and not on the amount transacted.


Japan’s Toho Gas to buy LNG from Petronas

Tuesday, March 31, 2015 - 14:28

TOKYO: Japan’s third-biggest city-gas supplier, Toho Gas Co, said on Tuesday it signed a basic agreement with a wholly-owned unit of Malaysia’s Petroliam Nasional Bhd (Petronas) to buy liquefied natural gas (LNG).

KPJ to acquire stake in Crossborder Hall and Crossborder Aim

Tuesday, March 31, 2015 - 14:20

KUALA LUMPUR: KPJ Healthcare Bhd has proposed to acquire the entire stake of Crossborder Hall (M) Sdn Bhd and Crossborder Aim (M) Sdn Bhd for RM4.718 million.

BNM: Malaysia’s reserves remain usable and unencumbered

Tuesday, March 31, 2015 - 12:27

KUALA LUMPUR: Malaysia’s reserves remained usable and unencumbered as at end-February 2015, based on the detailed breakdown of international reserves under the International Monetary Fund’s Special Data Dissemination Standard (SDDS) format.

US may skirt oil storage crisis as drivers hit the road

Tuesday, March 31, 2015 - 12:22

NEW YORK: A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore.

KL shares remain firm on window dressing

Tuesday, March 31, 2015 - 11:25

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) remained firm at mid-morning today on window dressing activities.

Asian shares follow Wall St rally after China easing

Tuesday, March 31, 2015 - 10:39

HONG KONG: Asian markets rallied Tuesday, led by Hong Kong and Shanghai after China’s decision to ease mortgage rules fuelled hopes for further stimulus measures, while improved confidence weighed on the safe-haven yen.

Astro pre-tax profit rises to RM720.9m

Monday, March 30, 2015 - 21:35

KUALA LUMPUR: Astro Malaysia Holdings Bhd’s pre-tax profit for financial year ended Jan 31, 2015 (FY15) rose to RM720.88 million from RM569.23 million in the previous year.

MoF: Netting of Financial Agreements Act 2015 comes into force today

Monday, March 30, 2015 - 17:51

KUALA LUMPUR: The Netting of Financial Agreements Act 2015, which provides a legal framework governing close-out netting for financial transactions in Malaysia, comes into force, effective today.

KL shares end higher, CI up 8.46pts

Monday, March 30, 2015 - 17:38

KUALA LUMPUR: Shares on Bursa Malaysia ended higher today with the FTSE Bursa Malaysia KLCI (FBM KLCI) adding 8.46 points, lifted by gains in heavyweights.

ACCCIM foresees recovery in Malaysian exports this year

Monday, March 30, 2015 - 15:50

KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) foresees a recovery in exports with the weak ringgit and stronger growth in the United States.

Sultan of Selangor wants water restructuring agreement finalised immediately

Monday, March 30, 2015 - 15:31

SHAH ALAML: The Sultan of Selangor, Sultan Sharafuddin Idris Shah wants the restructuring agreement for water industry services in the state to be finalised immediately according to the main agreement signed by the state and federal governments on Sept 12, 2014.

BHIC gets additional RM531m Govt contract

Monday, March 30, 2015 - 15:22

KUALA LUMPUR, March 30 (Bernama) - Boustead DCNS Naval Corp Sdn Bhd, a 60 per cent-owned unit of Boustead Heavy Industries Corp Bhd (BHIC), has received an additional contract with a ceiling value of RM531.2 million from the Malaysian government.

Datasonic subsidiary awarded RM32m contract

Monday, March 30, 2015 - 15:17

KUALA LUMPUR: Datasonic Group Bhd’s wholly-owned unit, Datasonic Technologies Sdn Bhd, has received a letter of award from the Home Affairs Ministry to undertake maintenance services for personalisation process at the National Registration Department worth RM32.56 million.

PM launches set of GST guidelines

Monday, March 30, 2015 - 14:57

PETALING JAYA: Prime Minister Datuk Seri Najib Razak today launched a set of guidelines on the Goods and Services Tax (GST) to help the people better understand the taxation system to be implemented on April 1.

China welcomes Denmark, Australia to AIIB

Monday, March 30, 2015 - 14:38

BEIJING: China’s Ministry of Finance welcomed the decision by Denmark and Australia to join the China-led Asian Infrastructure Investment Bank (AIIB).