KUALA LUMPUR (Dec 7): CGS-CIMB Securities has maintained its “neutral” rating on the construction sector and said Prime Minister Datuk Seri Anwar Ibrahim’s order of the suspension and review of RM7 billion worth of contracts is a negative development for Budget 2023 and could raise concerns over MRT 3. In a note on Tuesday (Dec 6), CGS-CIMB’s Sharizan Rosely said this is a negative development for contract outlook in 2023, but not totally unexpected.
Professional services firm Deloitte believes that the dissolution of Parliament will not affect the 15% global minimum tax (GMT) plan mentioned in Budget 2023. Deloitte Malaysia and Southeast Asia international tax leader Tan Hooi Beng and Deloitte Malaysia director Kelvin Yee said unlike the goods and services tax, capital gains tax or inheritance tax, implementing the GMT would be key to upholding Malaysia’s tax sovereignty.
The 15th General Election (GE15) will still proceed even if several states refuse to dissolve their respective state legislative assemblies, Prime Minister Datuk Seri Ismail Sabri Yaakob said
KUALA LUMPUR: Japanese companies are still keen on doing business in Malaysia and it is hoped that the Look East Policy which enters its 40th anniversary this year, will draw more Japanese investments.