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Building material cost index increases in August

KUALA LUMPUR: The Building Material Cost Index (BCI) (without steel bars) for all building categories in all regions for all building categories increased in August 2018 compared with July 2018.

Confused over SST

PETALING JAYA: Businesses are in for a rough ride, five days into the implementation of the Sales and Service Tax (SST), due to confusion over the taxation system.

Sweet news: Proton sales adviser Has Saari showing a promotion on SST at the Proton showroom in Mutiara Damansara, Petaling Jaya.

Who are winners and losers of sales and services tax

PETALING JAYA: The sales and services tax (SST) regime is likely to have an impact on the earnings of manufacturers and importers while healthcare and building material companies are among the major beneficiaries.

Healthy regime: The healthcare industry is one of the biggest beneficiaries under the SST system because consultation fees, medications, usage of medical equipment and ambulance services are exempted.

Pakatan govt promises to help all including the poor, says Finance Minister

PETALING JAYA: The Goods and Services Tax (GST) has impacted all Malaysians, especially the poor who never had to pay taxes before this, says Lim Guan Eng.

Lim Guan Eng. -filepic

Construction services, building materials exempted from SST, says Guan Eng

PETALING JAYA: Construction services and building material costs will not be charged under the Sales and Service Tax (SST), said Finance Minister Lim Guan Eng.

Stephen Chow sues firm for misusing his portrait

VETERAN Hong Kong comedy actor Stephen Chow has sought an estimated 30 million yuan (RM17.83mil) in compensation from a building material company that misused his portrait in advertisements, Sin Chew Daily reported.

Tasek remains in the red for third consecutive quarter

PETALING JAYA: Building material producer Tasek Corp Bhd remains in the red for the third consecutive quarter, after recording a net loss of RM4.65mil in its second quarter to end-June.

The lower bottom line on a year-on-year (y-o-y) basis was primarily attributed to Tasek’s cement(pic) segment, which widened its loss to RM7.4mil from a loss of RM1.3mil a year earlier.

Logging near Gerik, Perak, has harmed the livelihoods of the orang asli

IPOH: A temporary stop-work order has been issued on logging near the Pos Kemar orang asli (indigenous) settlement at Gerik, northern Perak, pending a report on the pollution of a river there.

Several number of logs were stacked near a logging site near the Pos Kemar indigenous settlement in Gerik, Perak.

Logging turning water murky

GERIK: A group of orang asli from the Pos Kemar indigenous settlement in Perak wants the state government to put a stop to the logging in their jungle area.

Big changes ahead for construction players

HARDLY a month since Pakatan Harapan formed the federal government, several big changes have already taken place - with many more in the pipeline.

MRT3 axed: An MRT train moving towards Kajang from Kuala Lumpur on the Sungai Buloh-Kajang route. The new government recently announced it has scrapped the MRT3 project.