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Commodities 04 Jan 2017 | 12:00 AM Premium

New foreign worker levy rule weighs on manufacturers

PETALING JAYA: Rubber gloves and manufacturing players are expecting a hit to their earnings following a ruling that they are now fully accountable for their foreign workers’ levy.

Corporate News 10 Jan 2017 | 12:00 AM Premium

Levy may incur construction players extra RM2bil in cost

KUALA LUMPUR: The new foreign worker levy could see local construction players being hit with an additional annual cost of around RM2bil.

Business 11 Apr 2019 | 9:08 AM Premium

IATA urges the Government to reconsider air passenger departure levy

PETALING JAYA: The International Air Transport Association (IATA) has expressed disappointment with the passing of the Departure Levy Bill by Dewan Rakyat, and is urging for its implementation to be reconsidered.

Banking 02 Aug 2013 | 12:00 AM Premium

Australian government considers levy on bank deposits

CANBERRA: Australia’s Treasurer Chris Bowen has confirmed he was in discussion with banks about a possible new levy to protect customer deposits as the government seeks new revenue to shore up its budget.

Plantations 27 Nov 2018 | 11:02 PM Premium

Divided over Indonesian removal of levy on palm oil exports

JAKARTA: An Indonesian government decision to lower the levy on crude palm oil (CPO) exports to zero would remove incentives for local refiners, a palm industry refiner body said on Tuesday.

Property 07 Dec 2018 | 12:00 AM Premium

Gamuda proposes levy

PETALING JAYA: Gamuda Bhd has proposed a levy where developers would have to pay 2% of their total revenue based on sales to the government instead of having quotas imposed on them to provide a fund benefitting the below-40 (B40) population.

Business 23 Mar 2013 | 12:00 AM Premium

Cypriot parliament to debate levy only after Eurogroup meeting

NICOSIA: The Cypriot parliament will not debate a possible levy on bank deposits until after finance ministers of the 17-nation euro zone meet on Sunday, a senior lawmaker said on Saturday.

Business 14 Jul 2011 | 12:00 AM Premium

Govt looks at additional 1% levy for renewable energy

PETALING JAYA: An additional 1% levy to cover cost associated with the feed-in tariff (FiT) scheme for renewable energy (RE) will be suggested next year on top of the 1% levy to be implemented from Sept 1, says Energy, Green Technology and Water Ministry (KeTTHA) deputy secretary-general Badaruddin Mahyuddin.

Business 28 Aug 2013 | 12:00 AM Premium

Sustainable Energy Development Authority seeks extra 1% levy

PUTRAJAYA: The Sustainable Energy Development Authority (Seda) is seeking an additional 1% levy to the renewable energy (RE) fund, on top of the current 1% imposed in electricity bills, according to CEO Datin Badriyah Abdul Malek.

Analyst Reports 02 Feb 2016 | 1:35 AM Premium

Higher foreign workers levy could cut plantation earnings by 1-8%

KUALA LUMPUR: The higher levy imposed on foreign workers could possibly cut plantation companies’ 2016 earnings by between 1% and 8%, as historically planters have absorbed the levy costs.