New training aid to putt better
THE key to great putting is practice and with the PuttOUT Premium and Platinum Pressure Putt trainers, you can take that practice anywhere. With a specifically shaped parabolic ramp, each ‘made’ putt is returned to the player the same distance it would have gone past the hole had it missed – anything else is a miss. The new trainers have an alignment stick holder towards the top of the ramp that acts as a rubber grip for the Putting Plane Alignment Stick Set. The PuttOUT Premium Pressure Putt trainer is available in four colours – coral, mint, green and stone. Available exclusively from MST Golf stores, the PuttOUT Pressure Putt trainer retails for RM229 (Premium) and RM539 (Platinum).
Source:The Star
October 31, 2021 08:51 UTC
'Karen' handed two compound notices worth RM3,000 for breaching SOP
KUALA LUMPUR: The woman who caused a stir at a luxury retail store here for refusing to wear a mask has been handed two RM1,500 compound notices by the police. Dang Wangi OCPD Asst Comm Noor Dellhan Yahaya said they had completed their investigations and issued the compound notices to the woman on Sunday (Oct 31) for breaching standard operating procedures (SOP). Brickfields OCPD Asst Comm Amihizam Abdul Shukor was quoted saying the police had identified the woman and were investigating the case. The incident at the KL luxury goods outlet was caught in a short clip by Twitter user @DFEfiercefun. It immediately went viral with “Karen” – the generic name used for self-entitled white women – being a top trending topic on social media on Wednesday (Oct 27).
Source:The Star
October 31, 2021 08:10 UTC
Second viral video of 'Karen' is of the same woman, say police
KUALA LUMPUR: Police are seeking those who witnessed another incident where a Caucasian woman attempted to enter a shopping mall in Bangsar here without wearing a face mask. ACP Amihizam said police have seen the 20-second video clip of the second incident on Twitter. "The video shows a breach of standard operating procedure (SOP) set by the National Security Council," he said in a statement on Saturday (Oct 30). He said they had opened investigations under Section 21A of the Prevention and Control of Infectious Diseases Act and Rule 17(1) of the Prevention and Control of Infectious Diseases Regulations for breach of SOP. "Any breach of SOP will be dealt with under the Prevention and Control of Infectious Diseases Act 1988," he said.
Source:The Star
October 31, 2021 07:11 UTC
My Say: Plugging tax leakages
At the same time, only 16.5% of the 15 million workforce are paying individual income tax. Going digitalThe digitalisation of tax administration and tax reporting is an important consideration towards achieving higher tax compliance and revenue collection. In Malaysia, an online platform for submission of tax worksheets electronically, known as the Malaysian Income Tax Reporting System (MITRS), was introduced. This paved the way for digitalisation and standardisation of tax reporting and the exchange of information electronically — replacing paper-based submissions. Let’s make it simpleThe simpler the tax system, the greater the desire to comply with our tax laws, especially if we want to encourage small businesses to be part of our tax system.
Source:The Edge Markets
October 31, 2021 06:47 UTC
India proposes new rules to push green energy use in industries
NEW DELHI (Oct 30): India has proposed new rules to lower emissions and fight climate change, including setting a minimum share of renewable energy to be used by its industries, the federal power ministry said on Saturday. The proposals, aimed at promoting green Hydrogen as an alternative to the fossil fuels currently used by industries, will be made effective through amendments to India's 2001 Energy Conservation Act. The proposed amendments would facilitate the development of a carbon market in India and prescribe minimum consumption of renewable energy either as direct consumption or indirect use through grid, the power ministry said in a statement. "This will help in reduction of fossil fuel based energy consumption and carbon emission to the atmosphere." The announcement comes just days after India rejected calls to announce a net zero carbon emissions target and said it was more important for the world to lay out a pathway to reduce such emissions and avert a dangerous rise in global temperatures.
Source:The Edge Markets
October 31, 2021 00:52 UTC
For fuss’ sake
The politicians responsible for creating this fuss seem to have realised their mission because the government has finally intervened and insisted the manufacturer change the name. Even the ministry’s Deputy Minister, Datuk Rosol Wahid, reportedly agreed it was a non-issue when replying on the matter in Parliament, along with Pengerang MP Datuk Azalina Othman Said. Does that mean that soon, we would also have to ban or rename root beer because we don’t want to be confused? Similarly, Malaysia Airlines’ cabin crew, including Muslims, have been serving liquor to first and business class passengers since its inception. So, if most of us had never heard of Timah, we would also be surprised about the existence of Malaysian-made whiskey.
Source:The Star
October 30, 2021 23:09 UTC
Man found dead in hypermarket parking lot in Penang
GEORGE TOWN: A man in his 40s was dead in his car, believed to be from a self-inflicted wound on his neck, in a hypermarket parking lot in Gelugor here on Friday (Oct 29). A Fire and Rescue Department spokesman said they received a call about the incident at 7.34pm. He said the car was locked and they had to break open the doors to get in. "The victim was found unconscious in the driver's seat and was later pronounced dead by paramedics. "The operation ended at 7.51pm and the case was handed over to the police.
Source:The Star
October 30, 2021 11:53 UTC
Strong tech-driven momentum for QES Group
Besides recovery in Malaysia, QES’ growth in H1 of FY21 was driven by strong semiconductor growth in Singapore and China, as well as the electrical and electronics (E&E) and automotive market in Thailand. Chew expects that in the next few years, QES’ revenue growth will be faster outside Malaysia. “We are aggressively growing capacity and capabilities of our manufacturing division. We don’t have any contracts cancelled due to this.”Meanwhile, talent acquisition and retention is a challenge when it comes to the group’s growth plans. All these strengths of QES Group will ensure long term sustainability of the group going forward.”
Source:The Star
October 30, 2021 10:24 UTC
My Say: Making tax just happen
The bigger opportunity, in my view, is not so much in introducing new taxes, but rather in rethinking and redesigning the tax administration systems. While tax is not voluntary, the term “voluntary compliance” recognises that in many aspects of the current tax system, taxpayers make their own choices on the reporting, calculation and payment of tax. Imagine the increase in tax revenue if we could bring these activities into the tax fold. This is the future of tax administration — digital, in real time and with probably no tax returns even needing to be submitted. Amarjeet Singh is EY Asean tax leader and Malaysia tax leader at Ernst & Young Tax Consultants Sdn Bhd
Source:The Edge Markets
October 30, 2021 03:38 UTC
Govt allocating RM1.5 billion in Budget 2022 for low-income housing projects
KUALA LUMPUR (Oct 29): The government will continue implementing housing projects, especially for the low-income earners, with a total allocation of RM1.5 billion. In tabling Budget 2022 at the Dewan Rakyat today, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said all Malaysian families have the right to own a home. Starting next year, the government will also provide a RM2 billion guarantee to banks via the Housing Credit Guarantee Scheme to provide gig workers, micro-entrepreneurs, and farmers with access to financing. "I've heard gig workers, micro-entrepreneurs, and farmers complaining that they find it difficult to buy a house as they do not have a fixed income, making it difficult for them to get a housing loan. "Some of them actually have the ability to repay the loan but there is no proof of fixed income," he said.
Source:The Edge Markets
October 30, 2021 00:39 UTC
Govt to publish tax expenditure statement to enhance level of fiscal discipline, transparency
KUALA LUMPUR: The government will publish the Tax Expenditure Statement in an effort to improve fiscal discipline and transparency, as well as complement the Medium-Term Revenue Strategy programme, as well as the tax incentive study that is being undertaken. "At the same time, listed stock trading brokerage activities are no longer subject to service tax," he said when presenting Budget 2022 at the Dewan Rakyat today. Starting January next year, he said income tax would be imposed on permanent residents in Malaysia on income derived from foreign sources and received in Malaysia. Meanwhile, Tengku Zafrul said service tax would be levied on delivery services provided by service providers, including e-Commerce platforms except food and beverage delivery and logistics services. - BernamaArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights
Source:The Star
October 29, 2021 21:38 UTC
KNM secures RM17.7m reactor gas exchanger order from Aramco subsidiary
KUALA LUMPUR (Oct 29): KNM Group Bhd announced on Friday (Oct 29) its indirect wholly-owned subsidiary FBM Hudson Italiana SpA had accepted a purchase order (PO) from Saudi Aramco’s subsidiary Saudi Basic Industries Corp (SABIC) for the supply of a reactor gas-gas exchanger, amounting to approximately RM17.7 million. A gas/gas heat exchanger allows the transfer of a heat quantity recovered from raw gas directly to the clean gas side. A total of 70% of the company’s shares are owned by Saudi Aramco, with the remaining 30% publicly traded on the Saudi Stock Exchange. “The transaction is expected to contribute positively to KNM’s earnings for the financial year ending Dec 31, 2022 (FY22) and FY23,” said KNM. At Friday's noon break, KNM settled half a sen or 2.5% higher at 20.5 sen, valuing the group at RM668.6 million.
Source:The Edge Markets
October 29, 2021 17:21 UTC
Budget 2022: Digital First Programme to push cloud computing as part of public sector's digital transformation
PETALING JAYA: The MyDigital initiative aims to spur the digital transformation of the civil service, with 80% of its operations to be stored on the cloud by 2022 in line with a push towards cloud computing. To that end, the Digital First Programme was announced as part of Budget 2022, with the goal of increasing the use of cloud computing in the public sector, thereby reducing the use of physical storage and inculcating a paperless culture. The National Digital Identity (NDI) project was also set to start next year, where the identity verification platform would enable various transactions to be conducted digitally and safely. Bernama recently quoted Home Minister Datuk Seri Hamzah Zainudin as saying the NDI is to be fully implemented by 2024. The MyDigital initiative was launched on Feb 19 as a blueprint for the digital economy, which is expected to create 500,000 new jobs and contribute 22.6% to Malaysia’s gross domestic product by 2025.
Source:The Star
October 29, 2021 17:10 UTC
Bursa opens almost flat
KUALA LUMPUR (Oct 29): Bursa Malaysia opened almost flat on Friday (Oct 29), ahead of the tabling of Budget 2022 later in the day. At 9.05am, the benchmark FBM KLCI had eased 0.09 of a point to 1,566.77 from Thursday's close at 1,566.86. Among the heavyweights, Malayan Banking Bhd (Maybank) added one sen to RM8.12, Press Metal Aluminium Holdings Bhd and Maxis Bhd advanced seven sen each to RM5.53 and RM4.77 respectively, while Axiata Group Bhd was two sen higher at RM3.99. Meanwhile, Public Bank Bhd and IHH Healthcare Bhd were flat at RM4.20 and RM6.52 respectively, Petronas Chemicals Group Bhd (PetChem) fell six sen to RM8.64 and CIMB Group Holdings Bhd eased one sen to RM5.24. Of the actives, MMAG Holdings Bhd rose 1.5 sen to 11 sen, Kanger International Bhd, Benalec Holdings Bhd and PUC Bhd were flat at 4.5 sen, 15.5 sen and 13 sen respectively, PDZ Holdings Bhd trimmed nine sen to 14.5 sen, and Yong Tai Bhd and Hextar Global Bhd both inched down half a sen to 14 sen and 13 sen respectively.
Source:The Edge Markets
October 29, 2021 13:45 UTC
Supermax declares share dividend amid forced labour issue
According to the glove maker's bourse filing Thursday, its stock will trade ex-dividend on Dec 17, while the entitlement date for the payout is Dec 20. Supermax’s full-year net profit surged to RM3.81 billion in FY21 from RM524.8 million a year earlier, as revenue jumped to RM7.16 billion from RM2.13 billion. Malaysian rubber glove manufacturers have seen an exponential rise in earnings in the past two years as the Covid-19 pandemic spurred demand for gloves, which are deemed crucial personal protective equipment to curb the spread of the pandemic. Last week, the US CBP said its officers at all US ports of entry would detain disposable gloves produced by Supermax’s wholly-owned subsidiaries Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd, and Supermax Glove Manufacturing on forced labour allegations. At RM1.90, Supermax has a market capitalisation of RM5.17 billion.
Source:The Edge Markets
October 29, 2021 10:57 UTC