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BANGI: The high crude oil prices (CPO) over the last few months were partly contributed by the confidence of other trading countries on the Perikatan Nasional government, according to Malaysian Palm Oil Board chairman Datuk Ahmad Jazlan Yaakub.
KUALA LUMPUR: The implementation of a windfall tax on glove companies that have benefited from the pandemic is a non-consistent policy which will a send a wrong signal to investors, according to Finance Minister Tengku Datuk Seri Zafrul Aziz.
KUALA LUMPUR: The implementation of a windfall tax on glove companies that have benefited from the pandemic is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Govt expects figure to hit RM4.7b in 2021 from RM2.8b in 2020
The government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such as glove manufacturing companies investing overseas instead of in Malaysia, and sending wrong signal to existing and potential investors in other industries.
KUALA LUMPUR: The government should introduce a “windfall tax” on companies that have raked in extraordinary profits during the Covid-19 pandemic, says Muar MP Syed Saddiq Syed Abdul Rahman.
PETALING JAYA: The updates on the Covid-19 vaccine development are not expected to affect the prospects of glove makers in the near term.
PETALING JAYA: The top four rubber glove makers by capacity in Malaysia are pledging varying amounts to the total of RM400mil for Covid-19 fund under the Budget 2021.