channel for the latest stories and updates.
In the last Dewan Rakyat sitting in December 2020, Datuk Seri Ahmad Maslan suggested that halving tobacco taxes to curb the black market as 64% of cigarettes sold in the country were illegal sticks, while only 36% were taxed, legal cigarettes.
The Pontian MP and former deputy finance minister proposed this be carried out in a two-year pilot programme to allow tobacco companies to sell legal cigarettes at RM8 per pack, which is closer to the price of a pack of illicit cigarettes in a bid to address a RM5 billion annual loss in tobacco tax revenue.
22 Dec 2020 / 23:15 H.
KUALA LUMPUR: The corporate reporting has, at its foundation, the need to keep stakeholders well informed about the company, and about the actions of those to whom they have entrusted the responsibility of managing it, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar (
pix).
He said there is a clear relationship between trust, reputation and value, and corporate reporting is the link between a company and its investors.
Highlighting the importance of corporate reporting, he said a company could enhance or damage its reputation not only through the way it behaves but also how it reports.
“So, what should be reported and how it is presented must evolve with the changing landscape. Information that companies should provide must be relevant to what stakeholders need and want,“ he said.
17 Dec 2020 / 19:29 H.
FOLLOWING the Dec 1 announcement of Berjaya Auto Alliance Sdn Bhd (BAASB) as the sole distributorship of new vehicles under the Peugeot marque and the rights of aftersales and spare parts distribution for Peugeot, Citroen and DS vehicles in Malaysia, the group would like to share more insights into the new management team that would be spearheading the brand in Malaysia.
The new team at BAASB would be headed by Datuk Wong Kin Foo, presently the director of Bermaz Motor Sdn Bhd.
As BAASB’s managing director, he would be reporting to its board, which consists of both Berjaya Corporation Berhad (BerjayaCorp) and Bermaz Auto Berhad (BAuto).