prosperity tax

Westports’ 4Q net profit up 5% to RM235m

WESTPORTS Holdings Bhd’s fourth quarter ended Dec 31, 2022 (4Q22) net profit increased by 5.5% to RM235.04 million from RM222.88 million…

1 week ago

Time to impose Prosperity Tax 2.0 on banks

The banking sector posted substantial profits throughout lockdowns by S BIRRUNTHA / graphic TMR AS HIGHER earnings are anticipated for the banking…

3 weeks ago

Nestle posts RM375m net profit on higher sales, reduced Covid expenses

by AZREEN HANI / Pic by MUHD AMIN NAHARUL NESTLE Malaysia Bhd saw its net profit improve 21% to RM374.83…

6 months ago

Westports posts lower net profit for 1H22

External developments have become more challenging as the quarters in 2022 progress, says MD by AZREEN HANI / Pic by…

6 months ago

Consumption tax most effective to widen country’s tax base

It is a more efficient way of collecting taxes with less room for leakages, IRB CEO says by ASILA JALIL /…

1 year ago

Cukai Makmur should be based on incremental profits, not firms’ size

The spirit of the prosperity tax is supposed to look at companies that have performed exceptionally well by NUR HANANI…

1 year ago

Cukai Makmur to eat into banks’ earnings

An analyst has lowered its earnings forecast for 2 banks for FY22 due to the announcement of the tax in…

1 year ago

Lower sales, ASP hit Hartalega’s 2Q earnings

This shows the rubber glove industry has reached an inflection point and edging towards normalisation in profit margins by ANIS…

1 year ago

Prosperity tax has negative wealth effect on investors as market falls

Last Friday’s announcement on the new tax led investors to sell-off major stocks yesterday by ANIS HAZIM / Pic by…

1 year ago