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The ceiling for tax deductions on contributions has been raised to 7% of aggregate income to encourage public listed companies (PLC) to participate in corporate social responsibility (CSR) programmes, especially contributions to charitable organisations.
The Government dialled down its projected gross domestic product (GDP) growth for 2009 from 5.4% to 3.5%, but said it would inject RM7bil to strengthen the economy and boost confidence within the private sector.
RESIDENTS in several townships near Seremban need not worry about noise pollution following the government's decision to relocate the Sungai Besi Air Force base to Bandar Sri Sendayan because the new facility will only house a helicopter squadron.