SST Expanded, Low-value Goods Tax Retained To Ensure Stable Revenue, Fair Competition - Lim

KUALA LUMPUR, Sept 10 (Bernama) -- The government has taken steps to ensure national revenue remains stable by expanding the scope of the Sales and Service Tax (SST) and retaining the low-value goods tax (LVGT) to ensure fair competition, according to Deputy Finance Minister Lim Hui Ying.

Kuching Included In Malaysia Airlines' Bonus Side Trip Programme

KUCHING, Sept 5 (Bernama) -- The Sarawak Tourism Board (STB) announced today that Kuching has been included as the eighth destination under Malaysia Airlines’ Bonus Side Trip (BST) programme, making it the only Bornean destination in the initiative.

US Appeals Court Finds Trump's Sweeping Tariffs Unconstitutional

WASHINGTON, Aug 30 (Bernama-dpa) -- A United States (US) appeals court on Friday ruled that US President Donald Trump lacked the authority to impose sweeping tariffs on imports under a national emergency law, reported German Press Agency (dpa).

Income From Crypto Activities Subject To Income Tax Act 1967 -- MOF

KUALA LUMPUR, Aug 29 (Bernama) -- Income derived from digital cryptocurrency activities such as trading, mining, and exchange in Malaysia is subject to income tax under Section 4 of the Income Tax Act 1967 because digital currencies are classified as commodities that can be considered business income.

Axiata On Track To Achieve Gearing Ratio Of 2.5 Times Net Debt To EBITDA In 2026

KUALA LUMPUR, Aug 28 (Bernama) -- Axiata Group Bhd is on track to achieve a gearing ratio of 2.5 times net debt to earnings before interest, taxes, depreciation, and amortisation (EBITDA) by the end of 2026, as the level stood at 2.76 times as at June 30, 2025.

CPO Futures End Higher Despite Weakness In Global Edible Oil Markets

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Aug 27 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Wednesday, ignoring the sell-off in Chicago Board of Trade (CBOT) soybean oil futures overnight and Chinese vegetable oil futures’ sideway moves, said an analyst.

LHDN Refunds RM9.35 Bln In Excess Taxes To 3 Mln Taxpayers - MOF

KUALA LUMPUR, Aug 20 (Bernama) -- The Inland Revenue Board (LHDN) has issued tax refunds totalling RM9.35 billion to more than three million taxpayers as of June 30, 2025, according to the Ministry of Finance (MOF).

SBC Medical Posts US$43 Mln Q2 Revenue, Net Income Falls 87 Pct

KUALA LUMPUR, Aug 15 (Bernama) -- SBC Medical Group Holdings Inc (SBC Medical) reported second-quarter (Q2) revenue of US$43 million, an 18 per cent year-over-year (YoY) decline, as the company continues to realign its business around higher-margin services and scalable growth. (US$1=RM4.21)

CPO Futures Down On Profit-taking, B50 Delay & Weak China Vegoil Prices

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Aug 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed lower on Thursday, pressured by profit-taking following calls by an Indonesian industry group to delay the B50 biodiesel mandate.

CPO Futures Close Higher On Forest Fire, Weaker Output Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 30 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today due to forest fires in North Sumatra, a dealer said.

Multiply Group Makes Bold Leap Into Europe With 1.3 Bln Euros Acquisition Of Spain’s Tendam

KUALA LUMPUR, July 24 (Bernama) -- In a landmark European entry, Abu Dhabi’s Multiply Group has acquired a 67.91 per cent majority stake in Tendam, Spain’s second-largest apparel company, in a transaction valued at 5.6 billion UAE dirhams (1.3 billion euros) enterprise value. (1 Euro = RM4.95)

Maybank IB Remains Positive On Axiata's Earnings Outlook, Reiterates 'buy' Call

KUALA LUMPUR, July 11 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) maintained a positive earnings forecast on Axiata Group Bhd and reiterated a ‘Buy’ call on Axiata with an unchanged target price of RM2.90 per share.