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Business

Positive outlook for O&G sector with crude oil rebound

KUALA LUMPUR: Malaysia is set to benefit from the forecast rebound in global crude oil prices as it is reviving the industry appetite for exploration and development works.

Business

Expected crude oil price rebound positive for oil, gas sector

KUALA LUMPUR: The forecasted rebound in global crude oil prices is positive for Malaysia's upstream sector as it will revive the industry appetite in exploration and development projects.

Business

IRB repaid RM7.6b in income tax refunds, Guan Eng says

KUALA LUMPUR: The Inland Revenue Board (IRB) repaid RM7.6bil in income tax refunds as of April 30, 2019, according to Finance Minister Lim Guan Eng.

Nation

RM7.9bil in GST and income tax refunds paid

A TOTAL of RM7.9bil in Goods and Services (GST) and income tax refunds had been paid so far this year, says Lim Guan Eng.

Business

RM7.9bil GST, income tax refunds paid out since March 3

KUALA LUMPUR: The Royal Malaysian Customs Department has refunded RM4 billion to 54,603 Goods and Services Tax (GST) registrants until March 3, 2019, while the Inland Revenue Board (IRB) has paid out RM3.9 billion in income tax refunds until Feb 28, 2019.

Banking

Finance Minister calls on banks to ease lending criteria

KUALA LUMPUR: Finance Minister Lim Guan Eng has urged banks in Malaysia to ease their lending requirements to reduce the difficulties faced by individuals and businesses to secure financing.

Business

Why some taxpayers did not receive their refunds in 2018

KUALA LUMPUR: About RM486.29mil in tax refunds failed to be paid last year and the main reasons were due to taxpayers' failure in updating personal data and bank account details.