Tropicana collaborates with Puncak Alam Housing for affordable housing project
Its wholly-owned subsidiary, Tropicana Senibong Sdn Bhd, will secure the development rights for the 363 acres of land parcels from Puncak Alam Housing.
SRC obtains judgment in default against Nik Faisal in US$1.18b suit
A judgment in default may be entered against a defendant if he fails to respond to a suit filed against him.
EPF: Members need to work 4-6 years more to rebuild savings used during pandemic
The three exceptional withdrawals have left 73% or nearly three quarters of members in a serious state of having inadequate funds to retire above the poverty line.
RM3b injection into pandemic-hit listed companies, RM2b for companies with gearing issues
Finance Minister Tengku Datuk Seri Zafrul Aziz: There will be a special initiative to assist Bursa Malaysia-listed companies, which will see the injection of funds into companies that have been affected by the Covid-19 pandemic via a government-owned special purpose vehicle (SPV), in the form of equity or other related instruments
Govt unveils RM332.1 billion Budget for 2022, including RM75b development expenditure
This is nearly 3% more than the RM322.5 billion announced for Budget 2021.
Economic Report 2021/2022: Malaysian capital markets remain vibrant, gross funds raised increased 16.3% to RM163b as at July 2021
The financial, insurance, real estate and business services sector dominated the total corporate bond issuance at 55.8%.
Economic Report 2021/2022: Malaysia's inflation set to moderate to 2.1% in 2022 on better economic prospects, stable oil prices
In 2022, consumption demand for goods and services by households is expected to be supported by expectations of improved employment conditions, while the projected growth in private investment activities and the implementation of the 12th Malaysia Plan will further augment domestic demand
Economic Report 2021/2022: Government to consider consumption-based tax in order to reduce reliance on direct taxes
The government is currently considering options to reduce the reliance on direct taxes and widen the revenue base by shifting to consumption-based tax under the Medium-Term Revenue Strategy (MTRS) framework
Malaysian economy to grow faster at 5.5%-6.5% in 2022 vs 3%-4% in 2021
The growth trajectory in 2022 will also be based on expectations of further expansion in global and domestic activities, fuelled by broader vaccine coverage and a further improvement in goods trade amid a slower recovery in services trade, said the Ministry of Finance in its 2022 Fiscal Outlook report
Economic Report 2021/2022: Household debt swells to RM1.34 trillion, 89.6% of GDP
Malaysian households borrow 41.6% more in 2021
