KUALA LUMPUR: The employees’ statutory contribution to the Employees Provident Fund (EPF) will revert to the original 11% for members below age 60, and 5.5% for those aged 60 and above with effect from January 2018. The EPF said on Thursday this would be implemented in the February 2018 EPF contribution. The reduction of contribution […]
Read MoreKUALA LUMPUR: Malayan Banking Bhd and its Indonesian arm, PT Bank Maybank Indonesia, emerged as the safest banks operating in their respective countries, according to a country-by-country ranking by Global Finance Magazine. In a statement, Global Finance said banks were selected through an evaluation of long-term foreign currency ratings from Moody’s, Standard and Poor’s and […]
Read MorePETALING JAYA: An improving economy, recovering consumer sentiment and better corporate earnings will help support the stock market and ringgit next year. Interest rate hikes and for Malaysia, the general election, will play a role in the direction of the financial markets. Experts are more optimistic for the Malaysian market and currency although they cautioned […]
Read MoreKUALA LUMPUR: The stamp duty for properties costing more than RM1mil will remain at 3% with effect from Jan 1, 2018, the Finance Ministry said. It said on Wednesday the government will not go ahead with the proposal to raise the stamp duty from 3% to 4% for these properties as announced in the Budget […]
Read MoreSINGAPORE: The governments of Singapore and Malaysia stressed on Wednesday that the procurement process for a high-speed rail project linking the wealthy island city state with Kuala Lumpur will be “open, fair and transparent”. In announcing the launch of a joint tender for the 350-kilometre railway, the two governments’ vehicles for the project — Malaysia’s […]
Read MoreKUALA LUMPUR: The average salary in Malaysia is expected to grow by 3.2% in 2018, an increase over the 1.3% growth recorded in 2017, said global management consulting firm, Korn Ferry Hay Group (Korn Ferry). In a statement today, Korn Ferry projected that financial services, construction and property development and management industries, are expected to […]
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