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KUALA LUMPUR: Bursa Malaysia ended in negative territory today, dragged by selling in selected heavyweights including Petronas-linked companies.
KUALA LUMPUR: Petronas Dagangan, Petronas Gas and Petronas Chemicals shares were all in the red today following reports that Petroliam Nasional Bhd (Petronas) is withdrawing its appeal at the Court of Appeal over Sarawak’s sales tax dispute.
PUTRAJAYA: The Sarawak government and Petronas will settle their dispute over a RM2bil state sales tax (SST) out of court, with the latter expected to withdraw its appeal at the Court of Appeal.
KUALA LUMPUR: The tough economic climate fuelled by the Covid-19 pandemic has cast a pall over the Malaysian advertising and marketing industry.
KUCHING (Bernama): Petroliam Nasional Berhad (Petronas) is in the process of withdrawing their appeal against a High Court's decision last March to dismiss their application for the court to declare the Sarawak State Sales Tax imposed of them as null and void.
KUALA LUMPUR: Kenanga research has downgraded Bermaz Auto Bhd to "underperform" as its FY20 earnings results failed to meet expectations while consumer spending is expected to remain cautious moving forward.
PETALING JAYA: The sales tax exemption for passenger cars is a much-needed boost for the auto sector that will reduce new vehicle selling prices and jump-start vehicle sales from the second half of 2020, said analysts.
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin has unveiled a host of measures in the government’s Short-Term Economic Recovery Plan aimed at alleviating the worst effects of the Covid-19 pandemic.