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Economy
MoF: No Plans To Implement A Wealth Tax For Now
KUALA LUMPUR, July 15 (Bernama) -- The government has no plans at present to implement a two per cent wealth tax on wealthy individuals to help finance government expenditure, said the Finance Ministry (MoF).
Market
CPO Futures Retreat After Two-day Rally On Rising Palm Oil Supply
By Muhammad Fawwaz Thaqif Nor Afandi
Gold Futures Close Higher
KUALA LUMPUR, July 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher as investors turned to safe-haven assets, despite weaker prices on the US Commodity Exchange (COMEX).
KLCI Futures Close Lower
KUALA LUMPUR, July 15 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower on Wednesday.
Corporate
Jati Tinggi Secures RM22.6 Mln Data Centre-Related Contracts In Johor
KUALA LUMPUR, July 15 (Bernama) -- Infrastructure utilities engineering solutions provider Jati Tinggi Group Bhd's (JTGB) wholly owned subsidiary has secured two data centre-related contracts in Johor worth a combined value of RM22.6 million.
Gamuda JV Signs 40-Year Bulk Water Supply Agreement With PBAPP
KUALA LUMPUR, July 15 (Bernama) -- Construction company Gamuda Bhd’s joint venture has entered into a bulk water supply agreement with Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) to supply treated water to Penang from Perak under the Northern Perak Water Supply Scheme (NPWSS).
Life Water To Acquire 90 Pct Stake In Hung Tai Group For RM46.8 Mln
KUALA LUMPUR, July 15 (Bernama) -- Sabah-based beverage manufacturer Life Water Bhd has entered into a share sale agreement (SSA) to acquire a 90 per cent equity interest in the Hung Tai Group for RM46.8 million.