Share The “good feelings” brought by some benefits in the 2010 Budget have been wiped off by the new National Automobile Policy (NAP). The government will continue protecting domestic cars, making the public suffer. As expected, the revised NAP will not lower car prices and the government will maintain the high import duty and excise [...]

Share Some of the highlights of the Budget 2010 presented by the Prime Minister Datuk Seri Najib Tun Razak are as follows; Employees EPF contributions will be raised again to 11 per cent on a voluntary basis with immediate effect. However, from Jan 1, 2011 employees’ EPF contribution will revert to 11 per cent. The [...]

Share Image via Wikipedia Thousands of bird “motels” have opened across Malaysia to lure the swiftlets whose nests are harvested to make bird’s nest soup, a costly delicacy in Chinese cuisine. But as the business booms and flocks of swiftlets — who make the nests out of their saliva — descend on towns and villages, [...]

Share The Pakatan Rakyat (PR) Selangor state government is planning to introduce a new tax system which will allow it to have control over taxes. Mentri Besar Tan Sri Abdul Khalid Ibrahim wants to implement a zakat system that is currently practiced by Muslims to the non-Muslims in the state. “The state and federal government [...]

Share What started off as a 1.8 billion Malaysian ringgit ($516.2 million) project has ballooned into one which could cost more than 10 billion ringgit following an acrimonious pullout by the project’s Dubai-based international partner. The issue raises the question of risk foreign investors face when doing business in Malaysia. It has been used to [...]

Share Malaysia’s 40 wealthiest are worth $36 billion, down from $46 billion a year ago. That loss is largely in line with the 21% drop in the Kuala Lumpur Composite Index and not too bad considering the fact that the Malaysian ringgit has lost 10% against the U.S. dollar, the currency in which net worths [...]