The Malaysian Pulse
Beat of the Nation
Sat, 21 Sep 2019, 11:08 AM
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Topic: Sept 30

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Taxpayers urged to report income
WHILE tabling the 2019 Budget last year, Finance Minister Lim Guan Eng announced that the Government was initiating tax reforms to encourage taxpayers to...
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Teo: Let’s wait and see if PT3 exams will go on as scheduled
PUTRAJAYA: The Education Ministry will monitor the haze situation before deciding if the Form Three Assessment (PT3) examinations will go on as scheduled.
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TH Plantations extends suspension of CFO until Sept 30
KUALA LUMPUR (Sept 20): TH Plantations Bhd has extended the suspension of its chief financial officer Mohamed Azman Shah Ishak by an additional 10 days to Sept 30.
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Education Ministry: Online lessons for students if haze keeps schools closed
PUTRAJAYA (Sept 20): Teaching and learning sessions will be undertaken via the Internet if schools remain closed due to the haze, said Education Deputy Minister Teo Nie Ching today.
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Willowglen gets RM14m job from S'pore firm to maintain surveillance system
KUALA LUMPUR (Sept 20): Willowglen MSC Bhd has been awarded a contract worth RM13.76 million to provide maintenance for an Integrated Security and Operation Surveillance System to SP PowerAssets Ltd, ...
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Education Ministry: Online lessons for students if haze keeps schools closed
PUTRAJAYA: Teaching and learning sessions will be undertaken via the Internet if schools remain closed due to the haze, Deputy Education Minister Teo Nie Ching said today.
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Education Ministry: Online lessons for students if haze keeps schools closed
PUTRAJAYA (Bernama): Teaching and learning sessions will be undertaken via the Internet if schools remain closed due to the haze, says Deputy Education Minister Teo Nie...
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Unisem postpones Batam plant closure to March 2020
KUALA LUMPUR (Sept 20): Unisem (M) Bhd has extended the planned closure of its plant in Batam, Indonesia to March 2020, instead of Sept 30 this year, to service last time orders for some customers.
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Education ministry: Online lessons for students if haze keeps schools closed
PUTRAJAYA (Sept 20) Teaching and learning sessions will be undertaken via the Internet if schools remain closed due to the haze, said Education Deputy Minister Teo Nie Ching today.
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Online lessons for students if haze keeps schools closed - Teo
Teaching and learning sessions will be undertaken via the Internet if schools remain closed due to the haze, said Deputy Education Minister Teo Nie Ching today.
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Online lessons for students if haze keeps schools closed, says Teo
PUTRAJAYA: Deputy Education Minister Teo Nie Ching says online learning sessions will be held if schools are forced to remain closed due to the haze.
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Receipts mandatory for tax relief
PETALING JAYA: Individual taxpayers claiming tax relief or deduction must back their claims with receipts dating back seven years if they are hauled up for an audit, according to the Inland Revenue Board (LHDN) and tax experts. DN) and tax experts.
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Inland Revenue urges taxpayers living overseas to participate in voluntary...
KUALA LUMPUR (Sept 18): The Inland Revenue Board of Malaysia (IRBM) has urged taxpayers living overseas to immediately register for the Special Programme for Voluntary Disclosure (PKPS) which ends on ...
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Genting Malaysia appears to be still keen on Greece gaming licence
KUALA LUMPUR (Sept 18): Genting Malaysia Bhd appears to be still in the running to bring a casino to the former Hellenikon International Airport site near the Greek capital of Athens.
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Bermaz Auto results within expectations
PETALING JAYA: Mazda marque distributor, Bermaz Auto Bhd’s net profit of RM50.52mil for first quarter ended July 31 (1Q20) came in within Kenanga Research’s...
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Bricks and bats for SVDP from analysts
PETALING JAYA: The Special Voluntary Declaration Programme (SVDP) is not a sustainable way to collect taxes, and can in fact be unfair to taxpayers who have complied, says a top tax analyst.
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No mercy for tax offenders
PETALING JAYA: The Inland Revenue Board (LHDN), along with its foreign tax counterparts, will go after tax evaders when the Special Voluntary Disclosure...
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Tax amnesty ends on Sept 30
PETALING JAYA: Taxpayers who have yet to make their tax declaration under the Inland Revenue Board’s (LHDN) Special Voluntary Disclosure Programme (SVDP) has until the end of this month to do so.
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Airbus, French exporters reel as US tariffs loom in subsidy row
PARIS/BRUSSELS: Shares in Airbus and French luxury goods exporters fell on Monday as the European Union acknowledged it may face U.S. tariffs in a long-running...
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IRB: Disclose undeclared income by Sept 30 to avoid heavier penalties
PETALING JAYA: Taxpayers can benefit from low-rate penalty if they disclose any undeclared income by Sept 30.
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Guan Eng: Tax evaders have two more weeks before special voluntary disclosure programme ends
PETALING JAYA: Tax payers who have yet to declare their taxes have 14 days left to do so before the end of the Inland Revenue Board's (IRB) Special Voluntary...
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BMW engine development expert Duesmann set to become Audi chief in April, says paper
BERLIN: BMW’s engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen’s Audi premium brand, after BMW dropped its opposition to his early departure, a Ger...
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Mydin runs Malaysia Day promotions
KUCHING: Popular wholesale retailer Mydin is hosting a range of interesting activities in celebration of this year’s Malaysia Day.
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UEM Sunrise's deal to sell Aurora Melbourne Central development service apartments falls through
KUALA LUMPUR (Sept 14): UEM Sunrise Bhd’s agreement with Ascendas Hospitality Trust to sell the service apartment component of the former’s Aurora Melbourne Central mixed development in Melbourne,...
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UEM Sunrise’s deal to sell Aurora Melbourne Central development service...
KUALA LUMPUR (Sept 13): UEM Sunrise Bhd’s agreement with Ascendas Hospitality Trust to sell the service apartment component of the former’s Aurora Melbourne Central mixed development in Melbourne,...
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Malaysian actor Sharnaaz refuses to divorce wife
Actor Sharnaaz Ahmad, 34, and his wife Noor Nabila Mohd Noor continue to be locked in divorce proceedings after the Kuala Lumpur Syariah Court referred them to a conciliatory committee.
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Man ordered to enter defence over laundrette cat killing
KUALA LUMPUR: The Selayang Sessions Court here ordered a contract worker to enter his defence on the charge of ruthlessly or unreasonably causing pain or suffering to the animal.
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Astro rises 4.48% on strong 2Q earnings, dividend
KUALA LUMPUR (Sept 13):  Astro Malaysia Holdings Bhd shares rose 4.48% this morning after its net profit for the second quarter ended July 31, 2019 swelled to RM169.34 million, 10 times more than the...
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Woman loses more than her heart
KUALA LUMPUR: A woman gave RM9,000 to a man who promised to marry her.
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Sharnaaz refuses to divorce wife
ACTOR Sharnaaz Ahmad, 34, and his wife Noor Nabila Mohd Noor continue to be locked in divorce proceedings after the Kuala Lumpur Syariah Court referred them to a...
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Astro Malaysia, Sunway, Straits Inter Logistics, Destini and Maxis
KUALA LUMPUR (Sept 12): Based on corporate announcements and news flow today, companies in focus tomorrow could include Astro Malaysia Holdings Bhd, Sunway Bhd, Straits Inter Logistics Bhd, Destini Bh...
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Astro 2Q net profit swells 10 times to RM169.34m, declares 2 sen dividend
KUALA LUMPUR (Sept 12): Astro Malaysia Holdings Bhd’s net profit for the second quarter ended July 31, 2019 (2QFY20) swelled to RM169.34 million, 10 times more than the RM16.58 million a year ago on...
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Court orders laundry cat killer to enter defence
SELAYANG: The Sessions Court here has ordered a 42-year-old man, who allegedly stuffed a pregnant cat into a clothes dryer, to enter his defence.
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Divorce case: Court orders Sharnaaz, Noor Nabila to appoint JKP
KUALA LUMPUR: Popular actor Sharnaaz Ahmad and his wife Noor Nabila Mohd Noor have been ordered by the Federal Territory Lower Syariah Court here today to appoint a conciliatory committee (JKP) in the...
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Apple Arcade: Subscription service launching for US$4.99 monthly with 100 exclusive games
Apple announced that its Apple Arcade game-subscription service will launch next week on the App Store, priced at US$4.99 per month for unlimited access to over 100...
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New iPhones woo users to Apple television and games
Apple on Sept 10 played to its strengths with powerful new iPhone and iPad models able to serve as stages for its new game and television services.
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Syariah court orders actor and wife to appoint a conciliatory committee
PETALING JAYA (Bernama): Actor Sharnaaz Ahmad and his wife Noor Nabila Mohd Noor have been ordered to appoint a conciliatory committee (JKP) in their divorce...
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Astro Radio comes up with various activities to increase engagement with listeners
KUCHING: Astro Radio will be carrying out various activities across its three stations; namely Era FM, Hitz FM and My FM starting Sept 16.
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TM now offering 30Mbps Unifi plan with unlimited data for RM89
Telekom Malaysia (TM) has announced a 30Mbps Unifi plan with unlimited data for RM89. Previously the company offered a 30Mbps plan with 60GB data cap for...
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Tan Chong subsidiary's Vietnam JV with Nissan extended
KUALA LUMPUR (Sept 10): Tan Chong Motor Holdings Bhd said today the joint venture (JV) agreement between its wholly-owned subsidiary ETCM (V) Pte Ltd (ETCMV) and Nissan Motor Co Ltd (NML) to import an...
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Digi introduces Home Fibre broadband plans with up to 1Gbps speed in Sabah
Users can choose from four different monthly plans namely Digi Home Fibre 50Mbps for RM99, 100Mbps for RM129, 500Mbps for RM159 and 1Gbps for RM199.
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Johor MB wants feedback for people-friendly state budget
JOHOR BARU: The state government hopes to gain more feedback from the public regarding the upcoming Johor Budget 2020, which is set to be unveiled in November this year.
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Taiping chosen as only ‘age-friendly town’ in Southeast Asia
TAIPING: Taiping has been chosen as the only age-friendly town in Southeast Asia.
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Money transfers via Touch ‘n Go eWallet will get a 10% bonus this month
Users will seem extra generous when transferring cash with the Touch 'n Go eWallet this month, as the service will top up an additional 10% of the transfer amount.
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MoF to ensure KWAP gets SRC's next interest payment of RM43m
KUALA LUMPUR (Sept 3): The Ministry of Finance (MoF) said it will ensure that a sufficient allocation is made available to settle SRC International Sdn Bhd’s (SRC) next interest payment of RM43.02 m...
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Frankly Speaking: Congrats to Jalil, but why was Rahman not kept as CEO?
Last week, news broke that the contract of Permodalan Nasional Bhd (PNB) group chief executive, Datuk Abdul Rahman Ahmad, would not be renewed upon its expiry on Sept 30.
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MoF to ensure KWAP gets SRC's next interest payment of RM43m
KUALA LUMPUR (Sept 9): The Ministry of Finance (MoF) said it will ensure that a sufficient allocation is made available to settle SRC International Sdn Bhd’s (SRC) next interest payment of RM43.02 m...
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MoF to ensure SRC’s upcoming interest payment of RM43m is made to KWAP
KUALA LUMPUR: The Ministry of Finance (MoF) will ensure a sufficient allocation is made available to settle SRC International Sdn Bhd’s (SRC) upcoming interest payment of RM43.02 million to the Reti...
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Finance Ministry to ensure RM43m SRC payment made to KWAP
The Finance Ministry will ensure a sufficient allocation is made available to settle SRC International Sdn Bhd’s (SRC) upcoming interest payment of RM43.02 million to the Retirement Fund Incorporate...
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Finance ministry to ensure enough cash to repay KWAP for SRC loans
PETALING JAYA: The finance ministry today said it is committed to ensuring that there are adequate allocations to repay the pensioners’ retirement fund (KWAP), which approved a RM4 billion loan to S...
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Selangor flood alert for spring tide tomorrow
KLANG: Officials in five coastal districts have been told to make preparations for possible flooding because of higher tides tomorrow until Wednesday.
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Quick take: Leong Hup’s shares up 10% in active trade
KUALA LUMPUR: Leong Hup International Bhd rose almost 10% in early trade Friday in active trade on expectations that the company’s earnings will improve in...
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Leong Hup 2Q net profit down 76%, pays 1.6 sen dividend
KUALA LUMPUR (Aug 29): Leong Hup International Bhd, whose share price has tumbled below its initial public offer price of RM1.10, reported a sharp 76% fall in net profit to RM16.09 million for the sec...
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Leong Hup Industries net profit slumps on lower broiler prices
KUALA LUMPUR: Poultry company Leong Hup Industries Bhd (LHI) posted a 75.5% fall in net profit to RM16.08mil in the second quarter ended June 30,2019 following the...
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US Justice Department opposes Google’s undersea cable from China
The US Justice Department is opposing a bid by Google, Facebook Inc and a Chinese entity to complete an undersea Internet cable between the US and Hong Kong...
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PNB confirms Jalil Rasheed as new chief as it looks to global diversification
KUALA LUMPUR (Aug 28): Pemodalan Nasional Bhd (PNB) has confirmed today that 38-year-old Jalil Rasheed, who is currently heading the South Asian operations of UK-based fund manager Invesco, will be ap...
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Businesswoman among four employers fined RM130k for hiring illegals
PEKAN NENAS: A total of four Malaysian employers, including a businesswoman, were fined a total of RM131,500 for hiring illegals in four separate cases here.
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Gagasan Nadi Cergas posts net profit of RM6.88m in 2Q, declares maiden 0.5 sen dividend
KUALA LUMPUR (Aug 27): Gagasan Nadi Cergas Bhd expects its construction tender book to exceed RM1 billion from RM700 million as at January 2019, as the group has been successfully pre-qualified in mor...
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Padini 4Q net profit drops marginally, declares 2.5 sen dividend
KUALA LUMPUR (Aug 27): Fashion retailer Padini Holdings Bhd’s net profit slipped 4.84% to RM54.44 million for the fourth quarter ended June 30, 2019 (4QFY19) from RM57.21 million last year due to th...
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Gagasan Nadi Cergas posts net profit of RM6.88m in 2Q, declares maiden 0.5 sen...
KUALA LUMPUR (Aug 26): Gagasan Nadi Cergas Bhd expects its construction tender book to exceed RM1 billion from RM700 million as at January 2019, as the group has been successfully pre-qualified in mor...
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Asdion to kick off Tumpat Supply Base project in Q4
KOTA BHARU (Aug 26): ACE Market-listed logistics company, Asdion Bhd’s joint-venture (JV) partner to develop and manage the Tumpat Supply Base (TSB) project in Kelantan, Kingdom Infra Holdings Sdn B...
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Asdion to kick off Tumpat supply base project in Q4
KOTA BHARU: ACE Market-listed logistics company, Asdion Bhd’s joint-venture (JV) partner to develop and manage the Tumpat Supply Base (TSB) project in...
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RoS keen to empower societies to generate own income
(From left) Masyati, Georgina and others being welcomed by a traditional dance.
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Analogue switch off sparks opportunities
After some delays, Malaysia is set to switch off its free-to-air analogue TV broadcasting service in less than two months.
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Why streaming services are the new credit card rewards binge in the US
When it comes to credit card rewards in the US, it's not all about gas, groceries and restaurants anymore. Issuers are moving beyond suburban staples to include...
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Court fixes mention of prosecution’s appeal against Khalid Samad’s acquittal for Sept 30
KUALA LUMPUR: The prosecution’s application to withdraw its appeal against Shah Alam Member of Parliament Khalid Abdul Samad’s (pix) acquittal of sedition against the Selangor Islamic Religious Co...
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Serba Dinamik 2Q net profit jumps 27%, pays 2.7 sen dividend per share
KUALA LUMPUR (Aug 22): Serba Dinamik Holdings Bhd, whose share price notched a record high closing of RM4.40 yesterday, announced a 27% jump in its second quarter net profit, lifted by stronger revenu...
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Khalid Samad vs Mais: Prosecution’s appeal against acquittal fixed for Sept 30
KUALA LUMPUR (Bernama): The prosecution’s application to withdraw its appeal against Shah Alam MP Khalid Abdul Samad’s acquittal of sedition against the Selangor Islamic Religious Council (Mais) has been fixed for mention on Sept 30.
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London Biscuits' assets are worth over RM845m but it can't settle a RM9.83m loan
This article first appeared as "Transactions at London Biscuits raise eyebrows" in The Edge Malaysia Weekly, on August 12, 2019 - August 18, 2019.
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Tan Chong 2Q net profit jumps 57% on strong sales
KUALA LUMPUR (Aug 20): Tan Chong Motor Holdings Bhd has reported a 57% jump in its second quarter net profit to RM19.43 million or 2.98 sen per share, from RM12.36 million or 1.89 sen per share a year...
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KLK warns of reduced FY19 earnings after 3Q profit slumps
KUALA LUMPUR (Aug 20): Kuala Lumpur Kepong Bhd (KLK) has warned of reduced profit for its financial year ending Sept 30, 2019 (FY19), as the group reports a 65% slump in third quarter (3QFY19) net pro...
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KLK posts steep drop in Q3 profit, shuts an estate in Liberia
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) reported its lowest quarterly profits in years after the plantation group booked in a huge loss on an estate in Liberia.
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Former FAS sec-gen criminal breach of trust case set to begin in Nov
Razali at the court house. Photo courtesy of FAS KUCHING: The Sessions Court has set Sept 30 as the pre-trial case management date for the criminal breach of trust case of former Football Association...
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Transactions at London Biscuits raise eyebrows
CONFECTIONERY maker London Biscuits Bhd’s share price has been on the decline since the beginning of the year, closing at 14 sen last Thursday — its lowest level since debuting on the local stock ...
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Malaysia, Singapore reach 'an understanding' on RTS
KUALA LUMPUR (Aug 20): Transport Minister Anthony Loke (pictured) has updated that Malaysia has reached “some sort of an understanding” with Singapore on the deferred Johor Bahru-Singapore Rapid T...
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Proceed with JB-Singapore Rapid Transit System, Malaysian govt urged
PUTRAJAYA - After delaying the Johor Baru-Singapore Rapid Transit System (RTS) five times, a group now wants the government to proceed with the project without further ado.
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King enjoys idyllic charm of Brunei’s ‘Venice’
BANDAR SERI BEGAWAN, Brunei: The beautiful, idyllic setting of Kampong Ayer here and the uniqueness of its architectural designs has won a fan in Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddi...
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Proceed with JB-Singapore Rapid Transit System, govt urged
PUTRAJAYA: After delaying the Johor Baru-Singapore Rapid Transit System (RTS) five times, a group now wants the government to proceed with the project without further ado.
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Malaysia and Singapore have reached 'an understanding' on RTS Link, says Loke
KUALA LUMPUR (Aug 19): Transport Minister Anthony Loke Siew Fook has updated that Malaysia has reached "some sort of an understanding" with Singapore on the deferred Johor Bahru-Singapore Rapid Transi...
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Najib’s SRC trial: A tale of two Jo(s)
HOW close was former AmBank relationship manager, Joanna Yu Ging Ping to fugitive businessman Low Taek Jho (Jho Low)?
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Sime unit to acquire Gough Group for RM572mil
PETALING JAYA: Marking its largest investment post-restructuring, Sime Darby Bhd has proposed to acquire Gough Group Ltd – an industrial and heavy machinery group that holds the Caterpillar dealership in New Zealand – for a gross consideration of NZ$211mil (RM572mil).
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Make use of opening for further consultation on Jawi: Kit Siang
KUALA LUMPUR: DAP’s Lim Kit Siang (pix) said the Education Ministry’s previous statement that it still welcomes views on the introduction of Jawi calligraphy in vernacular schools is an opening fo...
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Make use of opening for further consultation on Jawi – Kit Siang
Lim Kit Siang – File photo KUALA LUMPUR: DAP’s Lim Kit Siang said the Education Ministry’s previous statement that it still welcomes views on the introduction of Jawi calligraphy in vernacular ...
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Sime Darby acquires New Zealand's Gough Group
KUALA LUMPUR (Aug 13): Sime Darby Bhd is keen on investing in the next stage of growth to build on its newly acquired Gough Group Ltd’s leadership position in the New Zealand and Australian markets.
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Sime Darby to acquire NZ's Caterpillar dealership
KUALA LUMPUR: Sime Darby Bhd's subsidiary Sime Darby (NZ) Holdings Ltd has entered an agreement to acquire New Zealand's Caterpillar dealership from Gough Holdings Ltd for NZ$211mil (about RM572mil).
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Kit Siang: Wrong of Dr M to label Dong Zong 'racist', group also flawed about 'Islamisation' claims
PETALING JAYA: It was wrong for Prime Minister Tun Dr Mahathir Mohamad to label Dong Zong as being "racist", says DAP adviser Lim Kit Siang.
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Taxman to hunt down evaders after Sept 30
GEORGE TOWN: The federal government is not likely to extend its Sept 30 deadline for Malaysians to voluntarily declare previously undeclared incomes, Finance Minister Lim Guan Eng said today.
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Take advantage of SVDP, no extension after Sept 30, Guan Eng tells taxpayers
GEORGE TOWN: The Special Voluntary Disclosure Programme (SVDP) for unreported income will not be extended after Sept 30, says Lim Guan Eng.
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China companies Xingquan and China Stationery to be delisted on Aug 16
KUALA LUMPUR (Aug 5): Xingquan International Sports Holdings Ltd, which just marked its 10th year on Bursa Malaysia last month, is going to be delisted in less than two weeks, together with China Stat...
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Joanna Yu may have used own money to cover overdraft in Najib's AmBank account
KUALA LUMPUR (July 31): Former AmBank relationship manager Joanna Yu Ging Ping may have used RM55,000 of her own money to cover an overdraft in Datuk Seri Najib Razak's AmBank account ending 906, to a...
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Joanna Yu may have used own money to cover overdraft in Najib's AmBank account
KUALA LUMPUR (July 31): Former AmBank relationship manager Joanna Yu Ging Ping may have used RM55,000 of her own money to cover an overdraft in Datuk Seri Najib Razak's AmBank account ending 906, to a...
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Najib knew of fund source: Witness
KUALA LUMPUR • Former Malaysian leader Najib Razak's 1MDB ongoing trial shed light on his links to fugitive financier Low Taek Jho, better known as Jho Low, in deals involving a former unit of the t...
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Najib affidavit shows knowledge of source of $14 million in his account: Witness
KUALA LUMPUR (BLOOMBERG) - Former Malaysian leader Najib Razak's 1MDB trial sheds light on his links to fugitive financier Jho Low in deals involving a former unit of the troubled state fund.
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Buying an Isuzu D-Max could win you a dream holiday!
PETALING JAYA: Isuzu Malaysia has announced the start of its Isuzu Win an Adventure of a Lifetime contest where the Grand Prize winners could be jetting off, via business class for two, to a 10-day ex...
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Ng to be tried in court over refusal to pay RM195 for bicycle repair
Ng (third right) together with his lawyer and supporters at the Kuching Courthouse today.
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Farmers told to clear out after Perak govt gifts land to football team
IPOH: Seven farmers handed over a memorandum to the Perak Menteri Besar in protest after being served notice to vacate state-owned land they been cultivating because the state wants to hand it over over as a gift to the Perak football team.
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CAB expects to start work on JV with Salim Group in Q4
GEORGE TOWN: CAB Cakaran Corp Bhd expects its joint venture (JV) integrated poultry-farming project with the Salim Group in Indonesia to commence construction in the fourth quarter of this year.
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Glove makers complain of sudden rise in gas price
PETALING JAYA: The Malaysian Rubber Glove Manufacturers Association has lambasted natural gas producer Gas Malaysia Berhad for its sudden increase in gas price.
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No more reprieve for illegal immigrants in Sabah
PETALING JAYA: There will be no extension to the recently concluded regularisation exercise for undocumented Indonesian and Filipino workers and dependents in Sabah.
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Genex gets US$425mil loan for pumped hydro project
MELBOURNE: The Australian government is providing up to A$610miln (US$425mil) in cheap financing for Genex Power Ltd to build a pumped hydro project to help stabilise the country’s electricity grid.
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