Economists See No Major Tax Changes In Budget 2026; Expect Wider CGT Scope

By Niam Seet Wei

KUALA LUMPUR, Sept 28 (Bernama) -- Economists believe that Budget 2026 would not introduce any major changes in the taxation system -- especially individual and corporate taxes -- to preserve consumer and investor confidence as the United States tariffs kick in.

Capital A To Complete Airline Disposal In October, Eyes PN17 Exit By Year-End — Fernandes

By Kisho Kumari Sucedaram

KUALA LUMPUR, Sept 24 (Bernama) -- Capital A Bhd is optimistic of completing the disposal of its airline business to AirAsia X Bhd (AAX) by October, paving the way for the group to seek removal of its Practice Note 17 (PN17) status by year-end.

AM Best Affirms Superior Ratings For Tokio Marine & Nichido Fire Insurance, Subsidiaries

KUALA LUMPUR, Sept 11 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICRs) of “aa+” (Superior) of Japan’s Tokio Marine & Nichido Fire Insurance Co Ltd (TMNF) and its subsidiaries.

Lianson Fleet Group To Dispose Of Vessel For RM28.13 Mln

KUALA LUMPUR, Sept 8 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) indirect wholly owned subsidiary, Icon Samudera (L) Inc, will dispose of a vessel to Vietnam’s Asia Investment and Asset Management Joint Stock Company for RM28.13 million.

Hextar Global Unit To Sell Raub Agricultural Land For RM13.75 Mln

KUALA LUMPUR, Sept 3 (Bernama) -- Hextar Global Bhd’s (HGB) indirect subsidiary, PHG Ever Fresh Plantation Sdn Bhd, through its 51 per cent-owned unit Hextar Fruits Sdn Bhd (HFSB), has signed three sale and purchase agreements with Chateau MSK Sdn Bhd to dispose of three freehold agricultural land parcels totalling 10.02 hectares in Raub, Pahang for RM13.75 million.

ASB, Legenda In Pact To Transform Scheduled Waste Management In Labuan

LABUAN, Sept 3 (Bernama) -- A strategic joint venture between Asian Supply Base Sdn Bhd (ASB) and Legenda Bumimas Sdn Bhd is set to transform scheduled waste management in Labuan.

PNB Confirms Ongoing Talks On Highway Assets, Process Still At Early Stage

KUALA LUMPUR, Aug 29 (Bernama) -- Permodalan Nasional Bhd (PNB) today confirmed that discussions are ongoing with several parties regarding its highway assets in Projek Lintasan Kota Holdings Sdn Bhd (Prolintas).

Sime Darby Shares Rise On FY2025 Results Despite Lower Profit

KUALA LUMPUR, Aug 28 (Bernama) – Sime Darby Bhd’s shares rose in early trade today after the group announced its financial results for the financial year ended June 30, 2025 (FY2025).

Sime Darby Posts RM2.06 Bln Net Profit For FY2025

KUALA LUMPUR, Aug 27 (Bernama) -- Sime Darby Bhd recorded a lower net profit of RM2.06 billion for the financial year ended June 30, 2025 (FY2025), a decrease of 37.7 per cent from the RM3.31 billion last year, due to the absence of a one-off RM2 billion gain from the sale of its healthcare business.

E&O Unit To Sell London Land For RM427.8 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Eastern & Oriental Bhd’s (E&O) indirect wholly-owned subsidiary, Hammersmith Properties Ltd, has proposed to dispose of two freehold land parcels in Hammersmith, London, to Varsity Capital 1 Propco Ltd for a minimum cash consideration of £75 million or RM427.8 million (£1 = RM5.7040).

KNM's Subsidiary To Dispose Of Entire Equity Interest In FBM Hudson Italian

KUALA LUMPUR, Aug 1 (Bernama) -- KNM Group Bhd’s wholly-owned subsidiary, KNM Europa BV, will dispose of its entire equity interest in FBM Hudson Italian SPA (FBMHI) to SymbEx GmbH and Terragarda GmbH for EUR19.50 million (EUR1=RM4.89). 

Chin Hin To Dispose Of Metex Steel For RM70 Mln

KUALA LUMPUR, July 31 (Bernama) -- Chin Hin Group Bhd is disposing its entire equity interest in Metex Steel Sdn Bhd comprising 50 million ordinary shares to EC Excel Wire Sdn Bhd for RM70 million cash.