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Finance Minister says only 43.5pct of services subject to SST

KUALA LUMPUR: Only 43.5 per cent of services will be subject to the Sales and Services Tax (SST) come Sept 1, compared with the 64.8 per cent of services which were subjected to the Goods and Services Tax (GST).


Kuala Lumpur - the catalyst for high growth regional services hubs

MALAYSIA’s determination in attracting high-value investments is expected to see more multinational companies (MNCs) with regional services activities setting up their business hubs in the country.


Four more types of services to be covered under SST

MELAKA: The scope of the Sales and Services Tax (SST) will be expanded to cover four new types of services effective March 1.


Govt should relax rules for e-hailing and taxi services, says IDEAS

KUALA LUMPUR: The government should relax the regulations for both e-hailing services and traditional taxi services as proposed rules would create significant new costs and barriers, says the Institute for Democracy and Economic Affairs (IDEAS).

Analyst Reports

MY EG Services cut to Hold after share price rally

KUALA LUMPUR: UOB Kay Hian Malaysia Research has downgraded MY E.G. Services to Hold as the share price rallied 47% in the past month and increase its target price to RM1.27 as it rolls forward its valuation to 2019. Entry price: RM1.14.

Corporate News

Malaysia needs to move up value chain in shared services

PETALING JAYA: There is a need for the country to move up the value chain in the shared services industry so that it would not lose its competitive advantage, said Agos Asia Sdn Bhd chief executive officer Joon Leng Teoh (pic).


US services sector growth accelerates; trade deficit edges up

WASHINGTON: U.S. services sector activity accelerated in August amid strong gains in new orders and employment, suggesting that a slowdown in job growth last month was probably temporary.


US-listed DXC buys Sime Darby's global services centre

KUALA LUMPUR: NYSE-listed end-to-end IT services company, DXC Technology has acquired Sime Darby Global Services Centre (SDGSC), the group’s in-house provider of HR, finance & accounting and IT services.


Info still sketchy on list of goods and services

Information is still sketchy on the list of goods and services affected by the reintroduction of the sales and service Tax (SST) on Sept 1.


Taking money services business to greater heights

THE Malaysian Association of Money Services Business (MAMSB) supported by the Malaysia Digital Economy Corporation (MDEC), hosted a two-day Money Services Business Asia Pacific Conference 2017 (MAPC 2017) at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur.