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Higher tax rates may not stop house prices from going up

The Star Malaysia 27 October 2013 PETALING JAYA: The increase in Real Property Gains Tax (RPGT) will dampen speculation but it is unlikely to stop house prices from escalating and may even lead to a rise, say developers and consultants. Real Estate and Housing Developers Association (Rehda) president Datuk Seri Michael K.C. Yam said the [&hellip

DIBS removal to curb speculation

By FOONG PEK YEE and LOSHANA K. SHAGAR newsdesk@thestar.com.my The Star Malaysia 28 October 2013 KUALA LUMPUR: The doing away of Developer Interest Bearing Scheme (DIBS) for properties will help curb speculation, said MCA Young Professionals Bureau chief Datuk Chua Tee Yong. Chua said developers offering DIBS had actually marked prices up by about 5% [&hellip

Higher tax will help stabilise house prices

The Star Malaysia 26 October 2013 THE National House Buyers Association (HBA) has welcomed the Government’s proposal to increase the Real Property Gains Tax rate, which it said would help stabilise house prices. The revision was also lauded as an “excellent mathematical formula” to prevent the emergence of a “homeless generation” among young adult Malaysians, [&hellip

Feeling the GST pinch

By YU JI yuji@thestar.com.my The Star Sarawak 26 October 2013 KUCHING: The state Malaysian Trades Union Congress (MTUC) has expressed deep concern over the proposed Goods and Services Tax (GST), which is scheduled to begin April 1, 2015. “A poor family earning RM2,000 is not paying (income) tax now, but soon, they’ll be paying GST. [&hellip

Outsourcing industry set to double in growth by 2017

25 October 2013 OUTSOURCING Malaysia (OM), an initiative under the National ICT Association of Malaysia (Pikom), recently said the outsourcing industry in Malaysia was set to double in growth by 2017 with a Compound Annual Growth Rate (CAGR) of 15% from its current 2012 revenue of US$1.7bil. OM released its second industry report titled ‘Malaysia’s [&hellip

Budget 2014: Property stocks may be hit by real property gains tax

Updated: Friday October 25, 2013 MYT 7:44:22 AM BY CHOONG EN HAN PETALING JAYA: Property stocks may take a hit in a knee-jerk reaction following the much-speculated hike in the real property gains tax (RPGT) expected to be announced in Budget 2014 today. Analysts believed that while developers might see sentiment softening in the near-term, [&hellip

GOING PAPERLESS

By ERIC QUAH mystarjob@leaderonomics.com MyStarJob 19 October 2013 Should offices go paperless? is this even possible? WHEN I was younger, I used to be fascinated by futuristic things. Be it science fiction TV series or the latest cutting edge novel with flying cars and minute gadgetry that could do nearly everything – I would lap [&hellip

REJECTION – DWELL ON IT OR DEAL WITH IT

By ANNA TAN mystarjob@leaderonomics.com Anna Tan is a bean counter who found her calling in HR. Her journey in corporate HR has led her to pen “STRETCHED! Unleashing your Team’s Potential by Coaching the Rubber Band Way”, in which she likens human poten MyStarJob 19 October 2013 ONE balmy afternoon, Kaye, a talented IT manager [&hellip

‘Fears over GST unfounded’

The Star Malaysia 21 October 2013 PETALING JAYA: The public’s fears over the goods and services tax (GST) are unfounded as they would pay less compared to the current sales and service tax (SST), Malaysian Association of Tax Accountants (Mata) president Abd Aziz Abu Bakar said. He said a GST of between 4% and 7% [&hellip

Monitor GST

Monitor GST to prevent profiteering, says Chua The Star Malaysia 22 October 2013 It is vital for Putrajaya to provide detailed information. — DATUK CHUA TEE YONG. PETALING JAYA: The authorities must provide clear information on the abolition of the Sales and Service Tax (SST) which would be replaced by the Goods and Services Tax [&hellip