Oil shock to hit businesses with higher costs and weaker cash flow, says group

PETALING JAYA: Malaysian businesses are bracing for higher costs, tighter cash flow and a weaker outlook over the next six months as global oil shocks ripple through the economy, according to the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). Its president Datuk Ng Yih Pyng said the ongoing conflict in the Middle East...

Finance Ministry has no plans to increase RM9,000 tax relief rate

PETALING JAYA: The Finance Ministry has no plans to increase the RM9,000 tax relief rate for individuals and dependents which has not been reviewed since 2010, according to a written reply. In a Facebook post on Monday (March 10), Ayer Hitam MP Datuk Seri Dr Wee Ka Siong said he received a written reply from the ministry...