Budget 2019

Baru Bian: Federal Govt not neglecting S'wak, willing to work with state to implement projects

KUCHING: The Gabungan Parti Sarawak (GPS) state government should not be hasty or presumptuous in accusing the Federal Government of neglecting Sarawak, says Baru Bian.

GentingM, Genting Bhd drag KLCI into the red

KUALA LUMPUR: Genting Malaysia, Genting Bhd and Malaysia Airports Holdings Bhd (MAHB) came under selling pressure on Monday, but closed off the day's low, in a knee-jerk reaction to the
Budget 2019 proposals.

Maybank Research cuts outlook on AirAsia Group, AirAsia X

KUALA LUMPUR: Maybank Investment Bank Research has downgraded AirAsia Group (AAG) and AirAsia X after the government proposed to impose a levy for international departues.

The levy, announced in the Budget 2019 proposals, is applied to every international departure at a rate of RM20 to Asean destinations and RM40 to other regions.

Great Eastern: RM2b contribution to Malaysia's new health insurance plan being discussed

SINGAPORE: Great Eastern Holdings (GEH) on Monday said that it is in discussions with the Malaysian authorities on possible options to enable its unit, Great Eastern Life Assurance (Malaysia) Berhad (GELM), to satisfy prevailing foreign ownership requirements applicable to insurance companies in Malaysia.

Petronas can absorb negative cashflow of RM40b for 2 years, says S&P

KUALA LUMPUR: S&P Global Ratings estimates that Petroiam Nasional Bhd's (Petronas) balance sheet can absorb negative discretionary cash flows of RM40bil for two years.

S&P Global Ratings estimates that Petroiam Nasional Bhd's (Petronas) balance sheet can absorb negative discretionary cash flows of RM40bil for two years.

Short selling of Genting Malaysia suspended after plunging 27%

KUALA LUMPUR: Bursa Malaysia Securities suspended all short-selling activities of Genting Malaysia (GentingM) early Monday after its share price tumbled in a knee-jerk reaction to the new casino taxes under Budget 2019.

MRCB to benefit from Budget 2019, upgraded to Add at CIMB Research

KUALA LUMPUR: CIMB Equities Research considers Malaysian Resources Corp Bhd (MRCB) as a beneficiary of Budget 2019 and upgraded it to Add from Reduce.

One of the key infra takeaways relating to tolled highway concessions is the setting aside of RM1.3bil as full compensation to MRCB.

Casino, aviation, property sector’s earnings dented by new measures

KUALA LUMPUR: The key surprises in the Budget 2019 proposals are higher gaming tax and real property gains tax (RPGT), says CIMB Equities Research.

Business groups give new Budget the thumbs up

PETALING JAYA: Budget 2019 has been given the thumbs up by business organisations for having taken into account the country’s financial circumstances.

Rep: More study on generational loans needed

GEORGE TOWN: Your parents buy a house and get a multi-generational loan of 90 years or more. After they retire or die, you find yourself saddled with the legal duty to service the loan for decades more.