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Malaysia’s extravagant ex-First Lady lands in graft investigators’ sights

A US$27mil pink diamond, collection of luxury handbags attest to lavish tastes of Rosmah Mansor, wife of the country’s PM while a state fund was allegedly looted

Economy

Over 100 industry bodies urge govt to extend deadline for foreign workers

KUALA LUMPUR: More than 100 industry associations and chambers have appealed to the government to extend the legalisation deadline for foreign workers and suspend the on-going raids.

Business

From Sept. 1 tax on services at 6%, sale of goods 10%

KUALA LUMPUR: The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng.

Business

France probes US$23mil profit in GE deal

PARIS: French investigators suspect an investor illegally made €20mil (US$23mil) from just one bet after getting a tip-off in 2014 about General Electric Co’s plan to buy part of Alstom SA.

Business

Scale of theft at Shell's Singapore refinery much higher

SINGAPORE: Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.

Business

Guan Eng: Taxpayers with no foreign bank accounts need not fret

PUTRAJAYA: Taxpayers who do not have foreign bank accounts need not worry if they receive a letter or e-mail from the Inland Revenue Board (IRB) under the Special Voluntary Disclosure Programme (PKPS).

Business

Finance Minister's statement on Special Voluntary Declaration Programme

Below is the full statement released by Finance Minister Lim Guan Eng on the Special Voluntary Declaration Programme on Sunday.

Business

Bank Negara raids eight illegal money services business firms in KL

KUALA LUMPUR: Bank Negara Malaysia raided eight premises along Jalan Tuanku Abdul Rahman and Jalan Dato’ Keramat here on Tuesday for carrying out money changing and remittance business activities without a licence.

Business

Eight money changing, remittance business premises raided

KUALA LUMPUR: Bank Negara recently raided eight money changing and remittance business premises operating without a licence granted under section 7(1) of Money Services Business Act 2011 (MSBA), which is an offence under section 4(1) of MSBA.

Business

CIMB Research keeps reduce call on BAT

KUALA LUMPUR: CIMB Equities Research is keeping its Reduce call on BAT due to its rich valuations. Its target price is RM28.51 compared with the last traded price of RM36.28.