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KUALA LUMPUR: OCBC Bank has lowered Malaysia's 2013 gross domestic product (GDP) forecast to 5% from 5.4% previously.
The business trust industry has been given a boost under the Budget 2013 proposals including income tax, stamp duty and real property gains tax (RPGT) treatments similar to that of a company. This is expected to take effect from the year of assessment 2013.
PETALING JAYA: Analysts feel that Petroliam Nasional Bhd’s (Petronas) first-half capital expenditure (capex) of RM23bil may indicate a shortfall from the RM60bil capex it intends to spend for 2013, and this could be due to certain expenses rising.
KUALA LUMPUR: Malaysia’s export of lamps and lighting fittings and parts into Germany grew at a faster rate than those from the top three exporters – China, Austria and Italy – in 2013, expanding by 35.4% in 2013, and by 33.93% in the January-February period of 2014, Malaysian External Trade Development Corporation (Matrade) said.
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) has paid RM671.137mil in company tax since 2013, said Datuk Seri Najib Tun Razak.