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Billionaire Surin’s son appointed Magnum exec director

PETALING JAYA: Magnum Bhd has appointed Krian Upatkoon, son of billionaire and major shareholder Tan Sri Surin Upatkoon, as its executive director.

Price war weighs on GDeX

Courier company’s earnings expected to be flat in financial year 2019

Guan Eng: Taxpayers with no foreign bank accounts need not fret

PUTRAJAYA: Taxpayers who do not have foreign bank accounts need not worry if they receive a letter or e-mail from the Inland Revenue Board (IRB) under the Special Voluntary Disclosure Programme (PKPS).

U.S. federal judge rules Obamacare unconstitutional

(Reuters) - A federal judge in Texas on Friday ruled the Affordable Care Act, commonly known as Obamacare, was unconstitutional based on its mandate requiring that people buy health insurance, a decision in a case that could reach the U.S. Supreme Court.

Amnesty tax windfall?

PETALING JAYA: The government stands to collect billions of ringgit in tax revenue for next year under the Special Voluntary Disclosure Programme (VDP) announced during Budget 2019, if implemented well.

PublicInvest positive over Magnum's IRB tax settlement

KUALA LUMPUR: PublicInvest Research is positive over Magnum Bhd's agreed RM95mil settlement of a disputed tax penalty with the Inland Revenue Board.

Sime Darby 'hold', Petra Energy 'sell', GD Express 'under perform', MRCB 'buy',

SIME Darby Bhd exceeded expectations as the full-year core net profit came in 10% and 4% above the analysts’ and Bloomberg consensus for the financial year 2018 (FY18) forecasts.

Tax holiday offers boost to gaming sector

KUALA LUMPUR: Kenanga Research said gaming companies, especially number forecast operators (NFO) have managed to outperform the overall markets over the past three months due to the tax holiday following the zero-rating of the Goods and Services Tax.