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More government assets could be unlocked via new listings on the KL Stock Exchange and reduction of some of its large holdings in companies such as Tenaga Nasional Bhd and Telekom Malaysia Bhd as well as banks.
A WAIVER on sales tax for all small- and medium-sized industries (SMIs) and service tax for the tourism industry could help further stimulate domestic consumption, said SMI Association of Malaysia president Looi Teong Chye.
PETRONAS Dagangan Bhd has reported a pre-tax loss of RM35.9mil for the 4th quarter ended March 31, 2003, compared with a pre-tax profit of RM66.8mil in the previous corresponding quarter. This is despite revenue rising to RM2.3bil from RM1.9bil previously.