Bursa Malaysia Directives on disclosure of realised and unrealised profit or loss
Further to our blog on “How to determine Realised / Unrealised Profits?”, there are some new developments in the accounting profession and regulator’s directives.
Revised Bursa Malaysia Directive dated 20 December 2010
In the Bursa Malaysia...
Malaysia Personal Tax – FAQ
Encountered some questions on Malaysia personal tax matters?
Inland Revenue Board (IRB), the Malaysian tax authorities published some FAQ that may be relevant to individual tax payer in Malaysia. Here are some extracts:
Assessment of Tax
Q...
Malaysia individual tax deduction – Broadband subscription fee for YA2010 to YA2012
Malaysia Inland Revenue Board (IRB) on 12 April 2011 issued a Technical Guideline on personal tax relief or deduction on the broadband subscription fee. It clarifies that individual (employee) who receives benefit on using...
Petronas Chemicals IPO oversubscribed 2.98 times for public catergory, reduces price to RM5.04
In an IPO press release issued by Malaysian Issuing House (MIH) dated Nov 12, 2010, Petronas Chemicals Group Berhad (PCG) received a total of 78,613 applications for 636 million shares from the Malaysian Public...
Petronas Chemicals bookbuilding priced RM5.20, reduced RM5.04 as retail price
PETRONAS Chemicals Group Berhad IPO – PCG announced that the offer price for institutional investors is fixed at RM5.20 per share though the bookbuilding exercise completed today. While the offer price for retail investors...
Petronas Chemicals IPO retail offer last day today
Petronas Chemicals Group Berhad’s (PCG) initial public offering (IPO) share offering to retail investors will be closed at 5pm today, 9 November 2010.
The tentative retail price is RM5.05, represent a 3% discount to the...
BNM ruling on 70% third housing loan cap limit
Further to Bank Negara Malaysia’s (BNM) announcement on the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower, effective...
Hektar REIT Q3 2010 results & accounting review
Hektar Real Estate Investment Trust (REIT) announced its Q3 2010 results yesterday, with some extracts below:
Cumulative 3 Quarters
Current
Preceding
YTD
YTD
30.9.2010
30.9.2009
%
Revenue
Actual revenue - billing
66,837,205
66,182,580
1.0%
Revenue under FRS 117
1,059,693
-
100%
Total revenue
67,896,898
66,182,580
2.6%
Trade receivables
- actual billing
706,621
375,188
88.3%
- receivables under FRS 117
1,059,693
-
100%
Total trade...
Bank Negara Malaysia (BNM) imposes 70% loan-to-value (LTV) limit on third housing loan
With immediate effect from 3 November 2010, Bank Negara Malaysia (BNM) announced the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out...
Petronas Chemicals IPO may oversubscribed by 3x
Petronas Chemicals Group Berhad’s initial public offering (IPO) has been covered three times at the high end of the RM4.50-RM5.20, The Edge reported. A fund manager involved in the bidding and a banker with...