PETALING JAYA: Banking associations have reassured the public that the upcoming expansion of the service tax which on July 1, 2025, will not affect commonly used basic banking services. "Basic banking services that involve fees or commissions such as those related to current accounts (cheque accounts), savings accounts, or similar accounts, including e-wallets, are not subject...
KUALA LUMPUR: Ministers no longer have "kang tao" (Hokkien slang for money-making opportunity) as they are not allowed to personally endorse any proposed government project, says Anthony Loke. "Gone are the days when ministers can just write down "setuju" (agree) or "jalan" (go ahead) on application letters," said the Transport Minister. He said that when he first...
KUALA LUMPUR: The government has agreed to expand the role of the National Scam Response Centre (NSRC) to cover all forms of cybercrime, says Datuk Seri Anwar Ibrahim announced. Prime Minister said that a nationwide 24-hour response network, driven by coordination across multiple government agencies, will also be established to enhance cybercrime response capabilities. "The strengthening of...
MELAKA: Melaka police have busted the 'Yoe Gomen Gang' after eight cases of breaking into schools and government offices in the Melaka Tengah district since April, with the arrest of three members recently. Melaka Tengah police chief ACP Christopher Patit said all the men, aged 35, 36 and 40, were arrested in a raid on a...
PETALING JAYA: Not all low-tier events are ideal for boosting world rankings. And national men’s doubles head coach Herry Iman Pierngadi has opted not to send any of his pairs including the out-of-form Mohd Haikal Nazri-Choong Hon Jian to the US Open, a Super 300 tournament currently underway at the Mid America Centre in Iowa. Haikal-Hon Jian...
DEVELOPMENT of bungalows at Bukit Gasing in Petaling Jaya, Selangor, was approved as their plans met all the set criteria by the Petaling Jaya City Council (MBPJ), says the mayor. Mohamad Zahri Samingon said the development was located on private land. “It (the project) is on land that can be developed. “There is clear delineation of the border...
KUALA LUMPUR: There remains a cautious undertone on the domestic market as investors are monitoring closely the ceasefire between Iran and Isreal, although blue chips have slowly crept up on growing optimism. Following a mixed performance on Wall Street, the FBM KLCI rose 0.45 points to 1,520.24, a marginal increase that remained capped by the overhead...
KUALA LUMPUR: The ringgit extended its gains against the US dollar on Thursday, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs. At 8 am, the local note strengthened to 4.2255/2475 against the greenback from Wednesday’s close of 4.2335/2405. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...
PETALING JAYA: Inflationary pressures are expected to gradually gain momentum in the second half of the year with headline inflation projected to hover between 2% and 2.1% for 2025. CGS International Research (CGSI Research) said inflationary pressures are poised to build up in the second half of the year as the government reforms take place. “We think...
PETALING JAYA: Businesses who fail to charge the expanded Sales and Service Tax (SST) come September will have to make up the uncollected tax from their own pockets. This is because those who fail to register by August to collect the SST will still have to start taxing their clients in September even though there has...
