Malaysia Morning News For April 13

Malaysia Morning News For April 13

Malaysia morning news

P2P platform aims to disburse up to RM20mil to local SMEs
Peer-to-peer (P2P) financing platform Funding Societies aims to disburse between RM10 million and RM20 million to 100 to 200 small and medium enterprises (SMEs) here this year.
New Straits Times

RHB joins P2P arena with Funding Societies
RHB Banking Group has joined Funding Societies Malaysia, a P2P financing platform, in a partnership to expand funding opportunities for SMEs in the country.
New Straits Times

SP Setia tops Singapore property bid
SP Setia Bhd is said to be the highest bidder for a residential project in Toh Tuck Road in Singapore with an estimated bid of S$265mil (RM837.66mil).
The Star Online

Bond selldown to be more gradual
Portfolio adjustments among foreign funds could see a further selldown in Malaysian Government bonds, but this could be more gradual than in recent months.
The Star Online

Telco, construction firms among tax dodgers
The Inland Revenue Board (IRB) is set to come down hard on 20 large companies that owe the government RM1.4 billion in taxes.
Malay Mail Online

100pc penalty next year for income tax dodgers
Beginning Jan 1 next year, the Inland Revenue Board (IRB) will impose a 100 per cent penalty on the tax of individuals and companies dodging payment or filing incorrect income tax returns.
— Malay Mail Online

Heineken reports satisfactory first quarter performance
Heineken Malaysia Bhd has reported a satisfactory performance for its first quarter ended March 31, 2017 despite challenging market conditions compounded by economic pressures.
The Star Online

Positive stance on construction sector stays
While it has maintained its positive stance on the construction sector, MIDF Research cautioned that the current “risk-taking mode” sweeping the market should be tracked closely.
The Star Online

‘Missing’ Malaysian activist seen in Thailand
Mr Peter Chong, a former city councillor and social activist who was reported missing since last Friday, has been spotted crossing the border by bus into Thailand, Malaysia’s Inspector-General of Police said yesterday.
The Straits Times

‘Special functions’ role for Malaysia Defence Minister Hishammuddin Hussein
Prime Minister Najib Razak appointed his cousin, Datuk Seri Hishammuddin Hussein, “Minister with Special Functions” yesterday, a move that immediately set tongues wagging after recent discord between the Malaysian leader and his deputy, Datuk Seri Ahmad Zahid Hamidi.
The Straits Times

Heineken Malaysia 1Q net profit down 3.7% on soft consumer sentiment
Heineken Malaysia Bhd saw its net profit fall 3.7% to RM48 million in the first quarter ended March 31, 2017 (1QFY17) from RM50 million a year ago, on lower revenue.
The Edge Markets

Eversendai sees 27.4pc revenue jump
EVERSENDAI Corp Bhd said its revenue should grow more than 27 per cent to RM2 billion this year, although a local research house is not as optimistic.
New Straits Times

CIDB chief says sector to grow 8pc to RM170b this year
The construction sector is expected to grow eight per cent to RM170 billion this year, said a top industry executive.
New Straits Times

Customs reduces excise duty to 60pc for 2WD, 4WD not exceeding 1,500cc
The government has agreed to streamline the excise duty rate for two-and four-wheel drive vehicles with engine capacity of not more than 1,500cc to 60 per cent effective immediately.
Malay Mail Online

Budget 2018 to lay foundation for TN50, Treasury sec-gen says
One of the main thrusts in Budget 2018 is to lay foundations for the National Transformation 2050 (TN50) plan envisioned by Prime Minister Datuk Seri Najib Tun Razak, said Treasury Secretary-General, Tan Sri Dr Mohd Irwan Serigar Abdullah.
Malay Mail Online

Why Japan’s crown prince holds up Malaysia as a ‘model for the international society’
Japan’s Crown Prince Naruhito said Tuesday that he believes Malaysia’s success is based on its diversity and tolerance, and the country can be a model for a world faced with conflicts.
Christian Science Monitor


Feature photo Tourism Malaysia
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Malaysia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.




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