KUALA LUMPUR: Maybank Investment Bank Research does not discount the possibility that numbers forecast operators (NFO) gaming tax rates may be hiked in the Budget 2020 proposals to be announced on Oct 11. “We estimate that every 1ppt hike in NFO gaming tax rates will cut our Magnum and Berjaya Sports Toto (BToto) EPS estimates and TPs […]
Read MoreKUALA LUMPUR: RAM Ratings expects the growth performance of Malaysia’s exports and imports in August to remain sluggish at a respective -0.1% and -6.4%. In a statement issued on Thursday it said the weaker performance would mean a narrower overall trade surplus of RM6.5bil. “The lacklustre showing will be underscored by subdued global trade and […]
Read MoreBANGI: The registration process for foreign digital service providers with the Royal Malaysian Customs Department started on Tuesday in preparation for next year’s implementation of digital service tax, said Deputy Finance Minister Datuk Ir Amiruddin Hamzah. The Finance Ministry according to him, was confident that foreign companies would cooperate and register to safeguard their reputation. […]
Read MoreKUALA LUMPUR: Business condition in Malaysia’s manufacturing sector remained challenging in September despite the four-month high purchasing managers’ index (PMI) of 47.9 last month versus the 47.4 recorded in August. At the current level, the PMI is broadly indicative of annual gross domestic product growth of between 4.5 per cent and five per cent, according […]
Read MoreCHONBURI, Thailand: When trade war tariffs jolted Chinese tyre-maker Prinx Chengshan into speeding up foreign investment plans, the company wound up in Thailand, thanks to that country’s relentless courtship. With an initial investment of $300 million, the company is now racing to build a factory to export tyres to the United States next year, based […]
Read MorePETALING JAYA: The government will raise a total of RM135.7bil gross direct debt in 2019, of which 61%, or RM83.3bil, will be used to redeem the federal government’s outstanding debt. The remaining amount of RM52.4bil will be utilised for the government’s development expenditure such as roads and infrastructure as budgeted and approved by Parliament in […]
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