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RM7.9bil GST, income tax refunds paid out since March 3

KUALA LUMPUR: The Royal Malaysian Customs Department has refunded RM4 billion to 54,603 Goods and Services Tax (GST) registrants until March 3, 2019, while the Inland Revenue Board (IRB) has paid out RM3.9 billion in income tax refunds until Feb 28, 2019.

Government to tender out RM3.2bil in green contracts this year

KUALA LUMPUR: The Energy, Science, Technology, Environment and Climate Change Ministry (MESTECC) will tender at least RM3.2 billion in contracts this year, involving renewable energy (RE) and energy efficiency (EE) projects.

Germany to create fund to foil foreign takeovers after China moves

BERLIN: Germany plans to pass legislation by the end of 2019 to create a state-owned fund that can protect key companies from takeovers by Chinese and other foreign firms, government sources said, in a marked shift from its "hands-off" approach to business.

Germany plans to pass legislation by the end of 2019 to create a state-owned fund that can protect key companies from takeovers by Chinese and other foreign firms.

Algerian firm files RM370m claim against Malakoff, Hyflux JV

KUALA LUMPUR: An Algerian company had filed a claim for 80mil euros (RM370mil) against Tlemcen Desalianation Investment Co. SAS (TDIC), Singapore's Hyflux Ltd and Malakoff Bhd over a desalination project in that country.

Malakoff said it appointed international arbitration lawyers in Paris and Kuala Lumpur to advise on and take the necessary steps to defend its position and  challenge AEC’s claims.

After year-long drought, two big Malaysian IPOs set for Q2 launch

SINGAPORE/KUALA LUMPUR: Malaysia’s poultry producer Leong Hup International and fast food operator QSR Brands are in advanced stages of launching their initial public offerings in the second quarter, which would revive the nation’s moribund primary market, sources said.

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