Sime Darby To Appeal RM150.18 Mln Tax Assessments

KUALA LUMPUR, Oct 13 (Bernama) -- Sime Darby Bhd said its wholly owned subsidiary, Sime Darby Holdings Bhd (SDHB), will appeal against tax assessments totalling RM150.18 million, including penalties, issued by the Inland Revenue Board (IRB) for the years of assessment 2017 to 2023.

Labuan IBFC Climbs 11 Places To 44th In Global Financial Centres Index

KUALA LUMPUR, Oct 13 (Bernama) -- Labuan International Business and Financial Centre (Labuan IBFC) has climbed 11 places to rank 44th out of 117 global financial centres in the latest Global Financial Centres Index (GFCI 40).

Govt Yet To Designate Sabah Site For Low-altitude Economy Living Lab - MITI

KUALA LUMPUR, Oct 12 (Bernama) -- The government has yet to designate any location in Sabah as a living laboratory for the Low-Altitude Economy, as a comprehensive assessment is still required.

Eight Of Malaysia’s Nine Anti-dumping Measures Cover Iron, Steel Products - MITI

KUALA LUMPUR, Oct 12 (Bernama) -- The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

Budget 2027: Tax Incentives, Stamp Duty Reviewed To Support Local Shipping Companies

KUALA LUMPUR, Oct 12 (Bernama) -- Tax incentives for Malaysian shipping companies are proposed to be reviewed to contribute to the growth of Malaysian shipping fleet and reduce dependence on foreign vessels as well as enhance the inflow of ship freight revenue into Malaysia in the long term.

Income Tax Deduction Proposed For Sukuk Prisma Issuance Costs

KUALA LUMPUR, Oct 12 (Bernama) -- Income tax deductions are proposed for the issuance cost of Sukuk Prisma approved or authorised by the Securities Commission Malaysia (SC) or lodged with SC for the assessment years 2027 to 2030.

Budget 2027: MSME Income Tax Rate Proposed To Be Reduced By One Percentage Point

KUALA LUMPUR, Oct 12 (Bernama) -- The income tax rate for micro, small and medium enterprises (MSMEs) is proposed to be revised, including a one percentage point reduction for the two lowest taxable income bands, effective from the 2027 assessment year.

Budget 2027: Tax Relief For Care Of Pets Includes Vaccination, Sterilisation

KUALA LUMPUR, Oct 12 (Bernama) -- The government proposes expanding the scope of individual income tax relief for lifestyle to include pet care expenses, such as vaccinations and sterilisation treatments by registered veterinary services.

Batik Air Cancels Oct 12 KL-Jeddah Flight

KUALA LUMPUR, Oct 12 (Bernama) -- Batik Air has cancelled its scheduled flight from Kuala Lumpur International Airport (KLIA) to Jeddah, Saudi Arabia, today as a precautionary measure amid the ongoing conflict.

MATRADE Welcomes Budget 2027, RM60 Mln Allocation To Strengthen MSME Exports

KUALA LUMPUR, Oct 12 (Bernama) -- The RM60 million allocation made by the government under Budget 2027 to the Malaysian External Trade Development Corporation (MATRADE) can help to build the capability of local companies to penetrate and diversify into export markets.

Malaysia's F1 Ambition Requires More Than A Place On The Calendar

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 12 (Bernama) -- On qualifying day at the Singapore Grand Prix on Oct 9, I took the MRT for one stop from Nicoll Highway to Promenade to reach Gate 2, shortening my journey to the Porsche ARbox Carrera Cup Asia support paddock to meet Malaysian driver Naquib Azlan.

Tax Exemption Extension To Attract Shipping Firms To Malaysia -- Loke

PUTRAJAYA, 12 Okt (Bernama) -- A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said.