SIBUR Begins Installation of Polypropylene Production Line at Amur GСC
The issuer is solely responsible for the content of this announcement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
16 hours ago
- Free Malaysia Today
Treasury tells why 8% service tax exempted to lease aircraft, ships
The aviation and maritime industries play an important role in the supply chain, tourism and economy, said the Treasury. (File pic) PETALING JAYA : The finance ministry has sought to clarify why it has exempted the leasing of aircraft and ships from the 8% service tax on commercial rental and leasing services. The Treasury said one key reason the exemption was given was to prevent the owners of aircraft and ships from registering them abroad. Allowing that to happen would lead to a decrease in economic and tourism activity in Malaysia, it said in a statement. It said another reason was that other neighbouring countries do not impose a service tax on these leasing services. 'Without the exemption, customers may opt for aircraft and ship leasing services overseas instead,' it said. The ministry also denied that the exemption was done discreetly, saying an official notification was uploaded on the customs department's MySST portal on July 24. 'This exemption is specifically for the aviation and maritime industries, which play an important role in the supply chain, tourism, and economy. 'It does not apply to vehicle rentals such as cars, buses, or business premises, which differ in terms of the way they are used,' it added. The 8% service tax on rental and leasing services, which came into force from July 1, applies to service providers whose rental or lease income exceeds RM1 million. Lessees that are micro, small and medium-sized enterprises with annual sales of less than RM500,000 are exempted.
Free Malaysia Today
16 hours ago
- Free Malaysia Today
Tabung Haji denies setting aside RM20mil for rebranding
Lembaga Tabung Haji said it is inaccurate to state that the fund does not need to strengthen its branding just because it is well known after 60 years in operation. PETALING JAYA : Lembaga Tabung Haji (TH) has rubbished claims that it has set aside some RM20 million to be spent on a rebranding exercise for the pilgrim fund. TH said such claims were untrue and slanderous, as it had only allocated a total of RM6 million for a brand rejuvenation exercise over a three-year period. In a statement today, the board also said it is inaccurate to say that Tabung Haji does not need to strengthen its branding just because it is well-known after 60 years in operation. 'TH has embarked on branding strengthening exercises several times prior to this, and these are important investments to change mindsets and attract the interests of Muslims to save systemically so that they can perform the haj. 'TH's board of directors decided to review its strategies to remain competitive in offering the best services and attract more young Malaysian Muslims as depositors,' it said. TH said the RM6 million allocated would involve extensive market research and engagements with depositors to better understand their needs. It pointed out that it only had 9.6 million depositors today, or half the Malaysian Muslim population. It also said 53% of depositors have less than RM1,300 saved, far below what was needed to perform the haj. Earlier this week, PAS's Pengkalan Chepa MP Ahmad Marzuk Shaary claimed that three firms have been appointed to help with TH's purported rebranding exercise. He said this would involve RM20 million in TH funds.
Malay Mail
17 hours ago
- Malay Mail
Anwar says up to RM5b recovered from corruption cases as govt steps up reforms
IPOH, 16 August — Prime Minister Datuk Seri Anwar Ibrahim today said that the government has recovered up to RM5 billion in assets and funds seized from corruption cases over the past year alone. He said the seizures were from various government ministries and departments, such as Immigration and Customs, as well as from politicians. 'Some people mock or criticise the anti-corruption drive. But let me tell you, over the past year alone, we have recovered between RM4 billion and RM5 billion in assets and funds. 'That shows the seriousness of our efforts to clean up governance. All of this, however, can only be achieved with good governance,' he said in his speech during the ground-breaking ceremony of the Ipoh Sentral Development Project located opposite the Ipoh Railway Station here. The prime minister said Malaysia cannot advance in dignity and status if it continues to follow outdated practices such as rewarding high commissions and or offering additional building floors in exchange for major projects. 'This must be stopped. Regulations must be clear across all sectors,' he said. Referring to the 13th Malaysia Plan, Anwar said its foundation lies in strengthening growth and ensuring inclusivity. 'When we say 'raise the ceiling', it means the economy must expand. Growth must be faster, investments stronger, agriculture developed, all sectors strengthened. 'But when the ceiling rises, the floor must also rise, meaning people's livelihoods must improve. Salaries must go up,' he said. Anwar reiterated that the government has allocated an additional RM10 billion this year and RM18 billion next year to reform the public service under the Public Service Remuneration Scheme. He said such measures were taken to ensure basic needs were met. 'Because we cannot expect police officers, for example, to work long hours while their housing remains neglected. Tiny houses built 50 or 60 years ago. These things must change. That's what raising the floor means,' he said. On wages, he said the government has been making gradual increases as a 'step-up', adding that government-linked companies have already set a higher floor of RM3,100. 'Is RM1,700 enough? No, but we increased it gradually,' he said.
