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GLOVEMAKERS are set to continue recording stronger earnings in 2021, on the back of higher average selling prices, increase in production capacity and better economies of scale.
KUALA LUMPUR: The government has no plans to impose a windfall profit levy on rubber glove manufacturers that are enjoying supernormal profits from the higher demand and selling price of rubber gloves worldwide nor to other businesses that have profited greatly due to the COVID-19 pandemic, according to the Ministry of Finance (MoF).
KUALA LUMPUR (Bernama): The third meeting of the third term of the 14th Parliament adjourned sine die on Friday (Dec 18), after sitting for 29 days from Nov 2, with 10 bills tabled and passed, including the Supply Bill 2021.
KUALA LUMPUR: The second reading of five Bills, including the Independent Police Conduct Commission (IPCC) 2020 Bill, has been postponed to the next Parliament session in 2021.
RAUB:The government is expected to earn palm oil windfall profit levy of more than RM500 million in 2021 if the price of crude palm oil (CPO) remains stable at RM3,000 per tonne until next year.
KUALA LUMPUR: Tourists who make online bookings for their accommodations shall be charged with tourism tax, which will be levied on them.
Planters need to recoup and reinvest in the industry
KUALA LUMPUR: The Malaysian Estate Owners’ Association (MEOA) wants the government to either suspend or abolish the unfair taxes on the oil palm industry.
KUALA LUMPUR: The government is expected to collect a potential revenue of RM348 million from the palm oil Windfall Profit Levy in 2020 compared to only RM256,000 in 2019 following rising crude palm oil (CPO) prices, the Ministry of Plantation Industries and Commodities said.