Business

Proton reduces car prices by up to 3.25pc with GST implementation

Wednesday, 1 April 2015.

KUALA LUMPUR: In light of the implementation of the Goods and Services Tax (GST) which comes into force today, Proton Holdings Bhd has announced the new prices for its models, with reduction of up to RM1,475, or 3.25 per cent, per unit on selected variants.

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Mustapa: Malaysia’s goal of becoming halal hub rife with challenges

Wednesday, April 1, 2015 - 12:29

KUALA LUMPUR: Though Malaysia has established itself as the primary hub of Islamic finance of the world, its goal to become to the primary halal hub for foods and products are still riddled with challenges.

Weststar secures RM370m contract to provide helicopter services

Wednesday, April 1, 2015 - 11:56

KUALA LUMPUR: Weststar Aviation Services Sdn Bhd (WASSB) has secured a RM370 million contract to provide two AgustaWestland AW139 helicopters for Carigali Hess Operating Company and Carigali PTTEPI Operating Company Sdn Bhd.

Malaysia joins the ranks of many in embracing the GST

Wednesday, April 1, 2015 - 10:55

KUALA LUMPUR: After much hype, Malaysia finally joined the ranks of 160 other countries globally in embracing the Goods and Services Tax (GST).

Proton reduces car prices by up to 3.25pc with GST implementation

Wednesday, April 1, 2015 - 10:37

KUALA LUMPUR: In light of the implementation of the Goods and Services Tax (GST) which comes into force today, Proton Holdings Bhd has announced the new prices for its models, with reduction of up to RM1,475, or 3.25 per cent, per unit on selected variants.

Investment unaffected by uncertain ringgit: Mustapa

Tuesday, March 31, 2015 - 21:07

KULIM: The current uncertainty over the value of the ringgit has not affected foreign investors’ interest and efforts to woo them, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

RM30mil allocation to make Malaysia a global hub for LED testing and certification

By PREDEEP NAMBIAR AND MELISSA DARLYNE CHOW - Tuesday, March 31, 2015 - 20:30

GEORGE TOWN: The government has spent some RM30 million to transform Malaysia as a global hub for testing and certification of light-emitting diodes (LEDs).

February broad money up 6.9pc

Tuesday, March 31, 2015 - 17:32

KUALA LUMPUR: Broad money, or M3, the measurement of money supply, grew 6.9 per cent in February, mainly driven by the extension of credit to the private sector by the banking system.

Pharmaniaga to reduce dependency on government concession

Tuesday, March 31, 2015 - 17:21

PETALING JAYA: Pharmaniaga Bhd aims to strike a balance in local pharmaceutical business by reversing the current ratio of non-concession versus concession from 42:58 to 60:40 in the next 3-4 years.

Mydin to absorb RM15m in GST cost from monthly profits

Tuesday, March 31, 2015 - 16:30

PETALING JAYA: Mydin Mohamed Holdings Bhd will absorb the cost of the Goods and Services Tax (GST) of RM15 million from the estimated RM300 million monthly profits of its hypermarket and supermarket outlets.

PNB declares 7.75 sen dividend for ASB2

By CHERYL YVONNE ACHU - Tuesday, March 31, 2015 - 15:53

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 7.75 sen per unit for Amanah Saham Bumiputera 2 (ASB2) fund for the year ending March 31, 2015.

Maybank: The ringgit's value should be at RM3.30 to the dollar

By ZAIDI ISHAM ISMAIL - Tuesday, March 31, 2015 - 14:52

SINGAPORE: Malayan Banking Bhd (Maybank) president and chief executive Datuk Abdul Farid Alias said the ringgit's true value should be at RM3.30 to the US dollar as present valuations is very much driven by greed and fear in the marketplace.Abdul Farid said the volatility in the currency markets rig

MIDA, Panasonic Eco ink deal to enhance investment flow from Japan

By RUPA DAMODARAN - Tuesday, March 31, 2015 - 14:37

KUALA LUMPUR:  The Malaysian Investment Development Authority (MIDA) has signed a partnership with Panasonic Eco Solutions Malaysia Sdn Bhd to enhance the investment flow from Japan.

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.

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