Taxation


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Affin Hwang sees challenging prospects for Bonia

KUALA LUMPUR: Affin Hwang Capital research maintained its sell recommendation on Bonia Corp Bhd amid challenging prospects but revised its target price higher to 28 sen from 25 sen previously.

BLand buys stake in Iceland company

PETALING JAYA: Berjaya Land Bhd (BLand), the property arm of tycoon Tan Sri Vincent Tan Chee Yioun’s flagship Berjaya Corp Bhd, has acquired a 75% stake in a hotel operator in Iceland for US$53.63mil (RM222.03mil).

Yinson upgraded to ‘add’

KUALA LUMPUR: CGS-CIMB Research has reversed its short-lived downgrade to “hold” recommendation for Yinson Holdings Bhd that it had issued on June 26.

CGS-CIMB Research upgrades Yinson back to Add from Hold

KUALA LUMPUR: CGS-CIMB Research has reversed its short-lived “Downgrade to Hold” recommendation for Yinson that it had issued on June 26 and upgrade the oil and gas services company back to an Add call.

Nestle to absorb sugar tax

KUALA LUMPUR: Nestle (M) Bhd says most of its products will not be hit by the sugar tax imposed by the government effective July 1.

Airbnb wants clearer guideline on tourism tax

KUALA LUMPUR: Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.