Business

Amin throws in towel, accepts TNB's offer for Integrax

PETALING JAYA: Less than a week after he alluded to making a voluntary general offer (VGO) for Integrax Bhd, Amin Halim Rasip has thrown in the towel to end a three-month battle for the port operator in Lumut.

Farid: Ringgit should trade at 3.30 to US dollar

SINGAPORE: The ringgit should be trading at 3.30 to the US dollar, if one were to take into account the country’s reserves and the difference between the spot forward rates, said Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias. He said that liquidity flow, alongside greed and fear, had caused the ringgit to trade at the 3.70 level.

Tajuddin flanked by Bursa director of regulations Selvarany Rasiah (left) and director of corporate services Rosidah Baharom at Bursa Malaysia’s 38th AGM in Kuala Lumpur.

Bursa CEO: GST on services rendered only

KUALA LUMPUR: The 6% goods and services tax (GST) will not be imposed on securities, but only on the services rendered during a transaction, said Bursa Malaysia chief executive officer Datuk Tajuddin Atan.

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Perodua to reduce car prices up to 1.6% under GST

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its vehicle prices by between 0.1% and 1.6% depending on the models with the implementation of the Goods and Services Tax (GST) on Wednesday.

1 April 2015 | 6:53PM |

Automotive

Boustead Plantations to expand landbank

PETALING JAYA: Boustead Plantations Bhd will expand its landbank by another 20 per cent within two to three years from the current 83,400 hectares, says vice chairman, Tan Sri Lodin Wok Kamaruddin.

1 April 2015 | 3:35PM |

Plantations

Cash call imminent for MRCB ahead of Kwasa Land project

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) could likely undertake a cash call for its 70% stake in the special purpose vehicle (SPV) with Kwasa Land to undertake the development project in the Rubber Research Institute land in Sungai Buloh.

1 April 2015 | 1:42PM |

Analyst Reports

Australia looks at GST in planned tax overhaul

SYDNEY: Australian Treasurer Joe Hockey hinted at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more tax on transactions that take place in Australia.

31 March 2015 | 12:00AM |

Australia

Bursa Malaysia starts Q2 on cautious note

KUALA LUMPUR: Malaysia’s blue chips started the second quarter on a cautious note on Wednesday, with the FBM KLCI down more than four points on losses, weighed down by Genting and Petronas Chemicals.

1 April 2015 | 5:48PM |

Markets

Perodua to reduce car prices up to 1.6% under GST

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its vehicle prices by between 0.1% and 1.6% depending on the models with the implementation of the Goods and Services Tax (GST) on Wednesday.

1 April 2015 | 6:53PM |

Automotive

Bursa Malaysia starts Q2 on cautious note

KUALA LUMPUR: Malaysia’s blue chips started the second quarter on a cautious note on Wednesday, with the FBM KLCI down more than four points on losses, weighed down by Genting and Petronas Chemicals.

1 April 2015 | 5:48PM |

Markets

Boustead Plantations to expand landbank

PETALING JAYA: Boustead Plantations Bhd will expand its landbank by another 20 per cent within two to three years from the current 83,400 hectares, says vice chairman, Tan Sri Lodin Wok Kamaruddin.

1 April 2015 | 3:35PM |

Plantations

Tough operating outlook for Parkson in China

KUALA LUMPUR: Kenanga Investment Bank Research expects the Parkson group to face a tough operating environment due to weaker consumer sentiments particularly in China market, which is the main revenue contributor for the group.

1 April 2015 | 3:18PM |

Corporate News

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