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OTTAWA: Canada's first budget in two years, to be presented to parliament on Monday, proposes a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts, government sources familiar with the document said.
KUALA LUMPUR: Stocks with news flow that may see investor attention on Friday incude Paramount, UMW, WZ Satu, Malayan Cement, Fajar Bary, LPI Capital , UEM Edgenta and Ahmad Zaki, said JF Apex Research in its daily highlights.
PETALING JAYA: Local vehicle sales, which have been given a temporary boost by the tax exemption, could be further spurred by the introduction of several new models from various car companies.
KUALA LUMPUR: UMW group’s automotive sales jumped 35%, delivering close to 75,000 vehicles for the first quarter of this year, driven mainly by new model introductions and sales tax exemption.
KUALA LUMPUR: UMW Holdings Bhd, which saw its automotive sales surged 35% in the first quarter of 2021, expects the momentum to continue in the second quarter.
THE government announced the sixth economic stimulus package (Pemerkasa) worth RM20bil on March 17,2021, one year after Malaysia first imposed a lockdown due to Covid-19. Pemerkasa brought the total value of the packages to RM340bil.
PETALING JAYA: Sime Darby Motors Malaysia is optimistic of achieving better sales performance this year in line with the forecast industry growth of about eight per cent. PETALING JAYA: Sime Darby Motors Malaysia is optimistic of achieving better sales performance this year, driven by at least 10 new launches, among others. PETALING JAYA: Sime Darby Motors Malaysia is optimistic of achieving better sales performance this year, driven by at least 10 new launches, among others.