PETALING JAYA: AirAsia Group Bhd has posted a revenue of RM443mil for its third quarter ended Sept 30, representing a 272% increase compared to the preceding quarter but a decline of 86% year-on-year (y-o-y). The airline segment revenue decreased 87% y-o-y but grew five times compared to the preceding quarter, following the gradual increase in capacity in […]
Read MoreKUALA LUMPUR: Foreign demand for Malaysian bonds stayed sturdy in October, with the domestic bond market charting its sixth consecutive month of net foreign inflows at RM8bil, RAM Ratings said. In a statement issued on Tuesday, the rating agency said the foreign inflow was a vast improvement from marginal net inflows of RM500mil in September […]
Read MoreKUALA LUMPUR: Shares in Malaysia’s Top Glove slumped 7.5% on Tuesday, after the government said some of its factories would be closed in stages for Covid-19 screening and quarantine, as more than 2,000 of its workers tested positive for the disease. The Health Ministry reported a sharp rise in cases in the area where Top […]
Read MorePETALING JAYA: Glove manufacturers are expected to continue reaping huge profits into next year with the amount of corporate income tax paid by the industry projected to reach RM4.7bil in 2021 after forking out RM2.8bil in 2020. According to Maybank Investment Bank Research following its dialogue with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul […]
Read MorePETALING JAYA: Foreign direct investment (FDI) inflows this year are projected to come in at RM16bil to RM17bil, markedly lower than in 2019, while next year it is expected to be lower than pre-Covid 19 levels, no thanks to the pandemic and political uncertainties. Economists are of the view that there would be some pick […]
Read MoreKUALA LUMPUR: Glove manufacturers’ corporate income tax is projected to be RM2.8bil in 2020 and RM4.7bil in 2021, according to Maybank Investment Bank Research following a dialogue with the Finance Minister. The research house said on Monday the government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such […]
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