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T&CM exempted from SST, says Finance Ministry

PETALING JAYA: Traditional and Complementary Medicine (T&CM) will not be subject to the sales and service tax that was supposed to come into effect on March 1, says the Finance Ministry.

A better year for Bursa Malaysia and investors, HLB says

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) anticipates a positive outlook for Malaysia in 2024, forecasting an uplift in the local stock exchange driven by a combination of factors.

MGB BERHAD SECURES RM167 75MIL CONTRACT

SELANGOR: Construction and property development solutions provider and subsidiary of LBS Bina Group Berhad, MGB Berhad (MGB, or the group) announced on Dec 14 that its wholly-owned subsidiary MGB Construction and Engineering Sdn Bhd has accepted a letter of award worth RM167.75mil from RDC Arkitek (KL) Sdn Bhd on behalf of Johan Anggun Sdn Bhd for a development project in Genting Highlands and Daerah Bentong, Pahang Darul Makmur.

UEM Edgenta reports robust 16 2% net profit growth

UEM Edgenta Berhad, the region’s leading asset management and infrastructure solutions company, announced a 16.2% increase in net profit to RM28.6mil in the nine months ended Sept 30, 2023, on the back of a higher revenue of RM2.07bil (RM1.81bil 9M FY2022) – reflecting its resilience and ability to renew and win new contracts from its existing client base as well as new clients and growth markets.

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