SINGAPORE (Feb 24): Singapore is raising the top marginal tax rate to 22 percent from 20 percent, Finance Minister Tharman Shanmugaratnam said in his budget speech on Monday, the first such increase in decades.

Taking effect from 2017, the rate applies to those with a taxable income of ...

Singapore still has low taxes, even when it's charging the rich more

SINGAPORE (Feb 24): Singapore's budget this year focuses more on long-term measures to boost "the supply-side capacity of the economy" and lacks short-term measures to drive consumption, according to Credit Suisse.

"There were no significant cash handouts given out in this Budget," Cred...

Private consumption in Singapore to remain sluggish, says Credit Suisse  

SINGAPORE (Feb 23): Deputy Prime Minister Tharman Shanmugaratnam in his 2015 budget statement announced three measures that will directly impact real estate investment trusts or REITs.

Stamp duty remission on the transfer of a Singapore immovable property to a REIT and on the transfer o...

Stamp duty removal not expected to have big impact on REIT market

SINGAPORE (Feb 23): Singapore has unveiled a budget that contains higher retirement benefits, more infrastructure spending and measures to help local companies be more productive.

All in, government spending is expected to amount to between 19% and 19.5% of GDP over the next five years ...

Singapore unveils budget aimed at companies, older workers

SINGAPORE (Feb 24): This year's Singapore budget will have a limited impact on the local stock market, although potential beneficiaries could include Raffles Medical Group and infrastructure firms Yongnam Holdings and Kori Holdings as the government ramps up infrastructure spending, according to ...

Singapore budget may benefit Raffles Medical, Yongnam, says UOB Kay Hian

Singapore expects $6.7 billion budget deficit for FY2015.

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Singapore expects $6.7 billion budget deficit for FY2015

Personal income tax rate for top earners to rise to 22% from 20%.

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Personal income tax rate for top earners to rise to 22% from 20%

Seniors in low income households to get quarterly payouts of $300 to $750.

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Seniors in low income households to get quarterly payouts of $300 to $750

1% extra CPF interest for first $30,000 for members aged 55 and above 

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1% extra CPF interest for first $30,000 for members aged 55 and above 

Government to raise CPF salary ceiling from $5,000 to $6,000.

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Government to raise CPF salary ceiling from $5,000 to $6,000

CPF contribution rates for workers aged 50 to 55 to rise 2 percentage points.

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CPF contribution rates for workers aged 50 to 55 to rise 2 percentage points 

Stamp duty concessions for REITs to lapse after March 31.

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Stamp duty concessions for REITs to lapse after March 31

Singapore to defer levy increases for S-Pass and Work Permit holders in every sector.

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Singapore to defer levy increases for S-Pass and Work Permit holders in every sector

Government to co-fund 20% of wage hikes for Singaporeans earning up to $4,000 a month for next two years.

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Government to co-fund 20% of wage hikes for Singaporeans earning up to $4,000 a month for next two years

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates

Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.

MACC officer says Najib given ample opportunity to elaborate while statements were recorded

Asia’s international financial hub Labuan International Business and Financial Centre (Labuan IBFC) sees moderate growth in the aviation leasing sector in 2024, due to higher oil prices.

Labuan IBFC sees moderate growth in aviation leasing sector due to higher oil prices

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

The Malaysian Association of Asset Managers (MAAM) announced the election of its new committee members and principal officers for the 2024 to 2026 term.

Malaysian Association of Asset Managers announces leadership for 2024-2026 

At my Chinese New Year gatherings this year, some friends divulged that their calendar was filled with “appointments” to conceive “dragon babies” before the “deadline”.

It’s fascinating how many in modern society still adopt feng shui as a guide in important decisions in life, despite t...

My Say: Feng shui, confirmation bias and polarisation

Majuperak Holdings Bhd (MHB) will collaborate with Shizen International Inc to explore the development of a solar photovoltaic (PV) project to expand Perak’s clean energy technology usage.

Majuperak, Shizen International to explore solar PV development in Perak

The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.

e-Filing: Tax return form submission deadline extended to May 15 for non-business taxpayers

Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox shares on pace for worst day in 18 months as 1Q disappoints

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.

Analysts positive on Capital A's restructuring plan to get it out of PN17

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

Battle for 'tech luxury' in China as EVs get smarter — and cheaper

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

Record US$8.8 bil pulled from US sustainable funds in 1Q

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

More to come
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Govt to announce second 5G network next week, coverage now at 80.3%, says Fahmi

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

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