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PUTRAJAYA: “Wait and see” - this was Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah’s reply when asked if 1Malaysia Development Bhd (1MDB) would be settling the balance of its settlement to the International Petroleum Investment Co PJSC (IPIC) due on Thursday.
SAN FRANCISCO: Uber Technologies Inc officially welcomed its new chief executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world’s biggest ride-services company late on Tuesday.
PUTRAJAYA: The Royal Malaysian Customs Department and the Inland Revenue Board (IRB) will jointly undertake an audit on all companies in the country, in an effort to effectively plug leakages in the system which has resulted in the Government being shortchanged in revenue collection.
NEW YORK: The S&P and the Dow opened little changed on Wednesday as investors focused on data that showed stronger-than-expected US economic growth, helping offset worries over President Donald Trump’s latest tweet on North Korea.
WASHINGTON: The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.
NEW YORK: Wall Street was higher in late morning trading on Wednesday after data showed stronger-than-expected US economic growth, but gains were limited by concerns about escalating tensions between Washington and Pyongyang.
SINGAPORE: Gasoline prices hit fresh 2-year highs on Thursday as flooding from tropical storm Harvey knocked out almost a quarter of U.S. refineries, while crude oil prices fell again on the resulting drop in demand.
PUTRAJAYA: The Customs Department has strengthened its partnership with the Inland Revenue Board (IRB) in conducting audits on companies to reduce tax leakage and improve efficiency.