News

Sarawak issues Notice of Assessment to Petronas



KUCHING, Nov 4 – Sarawak has issued a Notice of Assessment to Petronas seeking payment of the State Sales Tax (SST) on petroleum products, saying failure to do so will result in legal action.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said Petronas had yet to pay the SST while other companies have done so.

“Under the SST Ordinance 1998, Petronas is legally obligated to pay SST and their failure to do so would tantamount to breach of the law,” he said.

Abang Johari who is also the state Finance and Economic Planning Minister said that when tabling the Supply (2020) Bill at the Sarawak Legislative Assembly sitting here today.

He said, as of 30 September this year, the state has collected revenue of RM5.653 billion.

--BERNAMA





    Other News

Gas Malaysia Q3 net profit up on higher natural gas volume, tariff

KUALA LUMPUR, Nov 14 -- Gas Malaysia Bhd’s net profit rose to RM46.48 million in the third quarter ended Sept 30, 2019 (Q3) from RM41.42 million recorded in the same quarter last year.


Solarvest's IPO oversubscribed by 35 times

KUALA LUMPUR, Nov 14 -- Solarvest Holdings Bhd, which is slated for a listing on Bursa Malaysia's ACE Market on Nov 26, today announced that the public portion of its initial public offering (IPO) has been oversubscribed by 35 times.


Startups must look beyond information technology - Serba Dinamik founder

KUALA LUMPUR, Nov 14 -- Serba Dinamik group managing director and group chief executive director Datuk Dr Mohd Abdul Karim Abdullah has called for a change of mindset among startups, urging them to look beyond information technology (IT) as their preferred business choice.


    Main Sponsor


    Quotes



© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, portal@bernama.com ]