Targeted Revision Of Sales Tax Rate, Expansion Of Service Tax Scope Effective July 1, 2025

KUALA LUMPUR, June 9 (Bernama) -- The Ministry of Finance has issued a statement on the implementation of revised Sales Tax (ST) rates and expanded scope of the Service Tax effective July 1, 2025. The aim is to strengthen the country’s fiscal position by increasing revenue and broadening the tax base.

Sales Tax Rate Revision, Service Tax Scope Expansion To Be Effective July 1, 2025 – MOF

PUTRAJAYA, June 9 (Bernama) -- The government will implement a revision of the Sales Tax rates and an expansion of the Service Tax’s scope effective from July 1, 2025, in order to strengthen the country’s fiscal position by increasing revenue and broadening the tax base.

Petronas Chemicals Shares Slip 4.57 Pct On Weaker 1Q2025 Earnings

KUALA LUMPUR, May 21 (Bernama) -- Petronas Chemicals Group Bhd (PCG) shares slipped by 4.57 per cent in early trading today after reporting weaker earnings for the first quarter ended March 31, 2025 (1Q2025).

Petronas Chemicals Reports 1Q 2025 Net Loss Of RM18 Mln Despite Higher Revenue

KUALA LUMPUR, May 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) reported a net loss of RM18 million in the first quarter ended March 31, 2025 (1Q 2025) due to unrealised foreign exchange losses, unfavourable net foreign exchange impact from the specialities segment, among others, despite recording a higher revenue of RM7.66 billion.

Anwar-Putin Camaraderie Seen As Strategic, Mutually Rewarding In A Polarised Global Landscape

By M. Saraswathi

KUALA LUMPUR, May 17 (Bernama) -- Datuk Seri Anwar Ibrahim’s just-ended official visit to Russia, with the highlight being the obviously cordial welcome accorded by President Vladimir Putin to the Prime Minister, certainly sends a powerful message and shows commitment at the highest levels to strengthen bilateral ties between Malaysia and Russia.

Russia Sees Prospects For Joint Ventures With Malaysia In Oil & Gas, Nuclear Energy

KUALA LUMPUR, May 14 (Bernama) -- Russian President Vladimir Putin said he sees prospects for joint ventures between Russia and Malaysia in the fields of natural gas and nuclear energy.

Nextgreen Global Enters Libyan Market With Oil Palm Biomass-Based Fertilisers

KUALA LUMPUR, May 13 (Bernama) -- Nextgreen Global Bhd (NGGB), through its wholly-owned subsidiary, Nextgreen Fertilizer Sdn Bhd, is bringing its oil palm biomass-based fertiliser products into the Libyan market.

MCBA Signs MoUs With 20 Malaysian Associations To Explore Cambodian Market

KUALA LUMPUR, May 13 (Bernama) -- The Malaysia Cambodia Business Association (MCBA) today signed Memoranda of Understanding (MoUs) with 20 local Malaysian associations to explore overseas markets, beginning with Cambodia.

RHB Investment Bank Maintains ‘Buy’ Call On SD Guthrie, Expects Improved Output

KUALA LUMPUR, May 8 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has reiterated its “Buy” recommendation for SD Guthrie Bhd, with expectations of improved output in the coming quarters, as the the plantation company enters the peak output season in the second half of 2025 (2H 2025).

LPPB Raises Concern Over Rising Construction Material Costs

KOTA KINABALU, April 12 (Bernama) -- Sabah Housing and Urban Development Authority (LPPB) today raised concerns over surging prices of construction materials such as cement, bricks, fertilisers and timber, which have recorded significant increases since January.

Palm Oil Stock Level Likely To Increase Further This Month

KUALA LUMPUR, April 11 (Bernama) -- Palm oil stock level will likely rise further in April 2025 on the back of weak crude oil prices, an absence of festive-driven demand and natural cyclical patterns.

CGTN: Chinese President Highlights Yunnan's "Flower Economy", Cultural Tourism During Visit

KUALA LUMPUR, March 21 (Bernama) -- On a recent tour of southwest Yunnan Province, Chinese President Xi Jinping visited the Lijiang Modern Flower Industrial Park, an epitome of China's efforts to advance rural revitalisation.