Latest news with #ThomasLau
Borneo Post
6 days ago
- Business
- Borneo Post
10% SST on stationery hits public hard, govt urged to reconsider timing
Thomas Lau (seated centre) with party colleagues at a recent SAPP programme. SANDAKAN (July 16): The Federal Government's abrupt implementation of a 10% Sales and Services Tax (SST) on stationery has triggered widespread concern, with community leaders and opposition figures demanding immediate reassessment of the controversial measure. Thomas Lau Chi Keong, Vice President of the Sabah Progressive Party (SAPP) and Tanjong Papat Division chief, delivered a scathing critique of the policy that took effect July 1 without warning or transitional provisions. 'This is taxation without justification,' Lau asserted. 'By taxing the tools of education and small business, we're effectively penalizing Malaysia's future productivity while squeezing households that are already at breaking point.' The policy's ripple effects are particularly severe for students facing higher costs for basic supplies, SMEs operating on razor-thin margins and low-income families disproportionately impacted by price hikes. Notably, dissent has emerged from within government ranks, with Bagan MP Lim Guan Eng (DAP) – brother to Deputy Finance Minister Lim Hui Ying – publicly breaking ranks to criticize the timing and implementation. 'When your own allies sound the alarm, it's time to pause and reconsider,' Lau emphasized, urging policymakers to conduct immediate impact assessments, engage in meaningful stakeholder consultation, explore progressive alternatives that don't burden vulnerable groups. The SAPP leader warned that maintaining the current course risks exacerbating Malaysia's cost-of-living crisis while undermining educational accessibility. The GRS Government is a caring government and will closely monitor the situation, ensuring the well-being of the people remains a top priority, he added.
Cision Canada
27-05-2025
- Business
- Cision Canada
OCEANIC ANNOUNCES DIRECTOR CHANGE
TSX Venture Exchange: FEO VANCOUVER, BC, May 27, 2025 /CNW/ - Oceanic Iron Ore Corp. (TSXV: FEO) (" Oceanic", or the " Company") announces that it has accepted the resignation of Thomas Lau (Tao Liu) as a director of the Company. Mr. Lau was one of two nominees of investor Sino-Canada Natural Resources Fund I ("Sino-Canada"). Under the terms of an amended debenture that Sino-Canada entered into with the Company in 2015, Sino-Canada is entitled to one Board nominee provided it maintains 15% ownership of Oceanic's common shares. The Board has elected not to fill the vacancy left by Mr. Lau's resignation and Cathy Chan will remain on the Board as Sino-Canada's one nominee for as long as Sino-Canada maintains at least 15% ownership of the Company's common shares. OCEANIC IRON ORE CORP. ( On behalf of the Board of Directors " Steven Dean" Chairman Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Oceanic Iron Ore Corp.
