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Page 4 - பழுப்பு சோங் மோட்டார் ஹோல்டிங்ஸ் ப்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Extension of tax exemption to spur new vehicles sales

Extension of tax exemption to spur new vehicles sales AYISY YUSOF and AZANIS SHAHILA AMAN © Provided by New Straits Times As part of the short-term Penjana economic recovery plan to stimulate the economy, the government on Tuesday said it would continue providing full exemption on sales tax for new locally-assembled (CKD) units and 50 per cent exemption on sales tax for imported (CBU) cars until June 30 next year. KUALA LUMPUR: Malaysia s automotive sector will be lacklustre without the extension of sales tax exemption as certain carmakers are facing supply disruption, industry officials and analysts said. The government s decision to extend new vehicle sales tax exemption for six months would help to spur demand owing to a reduction in prices, they added.

Tan Chong signs MoU on selling vehicles made by China s GAC in Malaysia, Vietnam

Tan Chong signs MoU on selling vehicles made by China’s GAC in Malaysia, Vietnam The Edge 22/12/2020 Syafiqah Salim © Provided by The Edge KUALA LUMPUR (Dec 22): Tan Chong Motor Holdings Bhd has teamed up with China’s GAC Motor International Ltd to look into selling and assembling the latter’s vehicles in Malaysia and Vietnam. Tan Chong said its wholly-owned subsidiary TC Overseas Assets Holdings Labuan Pte Ltd signed a memorandum of understanding (MoU) with GAC today “to study on the potential and feasibility of the business opportunity”. It added that GAC is devoted to producing world-class vehicles, engines, auto parts and accessories, as well as research and development of auto engineering technology.

FGV, Jiankun International, Pecca, Kossan, Alliance Bank, Ranhill, UOA Development, UOA REIT, Mitrajaya, Tan Chong Motor and Fintec

KUALA LUMPUR (Dec 22): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 23) include: FGV Holdings Bhd, Jiankun International Bhd, Pecca Group Bhd, Kossan Rubber Industries Bhd, Alliance Bank Malaysia Bhd, Ranhill Utilities Bhd, UOA Development Bhd, UOA Real Estate Investment Trust, Mitrajaya Holdings Bhd, Tan Chong Motor Holdings Bhd, and Fintec Global Bhd.   The Federal Land Development Authority (Felda) is eyeing to take FGV Holdings Bhd private after its unconditional takeover offer for the latter s shares. Felda said it does not intend to maintain the listing status of FGV on the Main Market of Bursa Malaysia.

After a bad patch, more hits than misses in 3Q earnings

After a bad patch, more hits than misses in 3Q earnings The Edge 14/12/2020 Supriya Surendran © Provided by The Edge SURPRISINGLY, there were far more hits than misses in the financial performance of companies in the quarter ended Sept 30. Of the 881 companies on Bursa Malaysia, 482 reported an improvement in earnings and 399, a decline. “A big positive” was how private investor and former investment banker Ian Yoong described the quarter. “The reality is that the recently concluded earnings season for the third quarter is way above expectations. The misses-to-beats ratio at 1.0 is the lowest for the past 10 years, according to RHB Investment Bank.

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