◉ HEADLINES

tax cuts

Ringgit opens higher against US dollar

At 8.01 am, the ringgit rose to 4.2190/2365 against the US dollar from Thursday’s close of 4.2300/2355

Tax cuts unlikely in Budget 2025, focus shifts to reforms, says economist

Government prioritises economic resilience, sustainability in upcoming budget plans

CTIM expects luxury goods tax hike, no individual, corporate tax cuts in new budget

Chartered Tax Institute of Malaysia does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax and the mechanism for capital gains tax in the upcoming Budget 2024. 

◉ Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

InDrive faces termination for flouting guidelines

It is the second Russian e-hailing app after Maxim to face ban by Land Public Transport Agency

Cleared for layoffs? AirAsia to retrench 20% of workforce in major cost-cutting move

This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source

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