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Tuesday, October 22, 2019

Tag: revenue

Govt must increase revenue, adopt prudent spending, says Auditor-General’s Report

The Auditor-General's Report 2018 says chief secretaries of ministries need to increase their hands-on involvement in financial matters.

Sales tax on oil is part of MA63, says Sarawak legal...

JC Fong says the federal government should be willing to sacrifice RM3 billion from its revenue for the state’s sales tax.

Economists back return of GST, say it’s easier for businesses

Carmelo Ferlito from the think tank IDEAS proposes tiered GST of between 0% and 10%.

Barcelona income to break the €1 billion barrier

Barcelona says they had made record turnover of €990 million last season and projected an increase to €1.047 billion for the 2019/20 campaign.

Sabah think tank wants time frame for return of revenue owed

Sabah continues to be poor and underdeveloped, unlike the peninsula, despite being rich in natural resources, says Institute for Development Studies Sabah.

Don’t talk of poverty, look at Sabah and Sarawak, says Jeffrey

The Parti Solidariti Tanah Airku president says the two states are the poorest despite being rich in resources.

Disney’s earnings miss forecasts as costs rise for its streaming future

Disney's plunge into streaming and the folding of assets from Twenty-First Century Fox are some of the reasons it missed its earnings forecast.

Indonesians contributed RM2.8 bil to Malaysian tourism in 2018

They are the third-largest group of foreigners contributing to the tourism industry, after Singapore and China.

Twitter beats on revenue, sees rise in daily users viewing ads

This quarter Twitter reported monetizable daily active usage, a metric it created to measure only users exposed on a daily basis to advertising on the site.

Prioritise domestic tourism as we woo foreign visitors, says Dr M

The prime minister says domestic tourism is a key contributor to the economy.

Land transactions worth RM13 bil reported in Sabah last year

Land and Survey Department says it came to realise the huge amount involved only through the implementation of an online system last year.

Saudi and UAE bank revenues seen pressured by US rate cuts

A 25 basis point cut in US rates will pull down the net interest margin at banks by about 6 basis points, says an analyst.

Slack expects US$600 Million in sales this year

The company is following Spotify Technology SA by going for direct listing, as Slack already has so much in total assets – US$1.1 billion and doesn’t need to raise more capital with an IPO.

Media group study finds Google makes billions from news

The report is expected to be presented this week to a congressional hearing on antitrust abuses by Big Tech firms.

Why it’s good for federal govt to transfer revenue to the...

Revenue transfers to states are a much better way of spreading the benefits of growth to all areas of the country and all segments of the population.

Ambank net profit up 33% to RM1.5 bil

Ambank Group CEO Sulaiman Mohd Tahir says the excellent results for financial year 2019 show its transformation strategy is beginning to bear fruit.

Sabah to pursue owed revenue, with or without amendment bill, says...

Shafie Apdal says some matters need no legislative amendment as they are stated in the Federal Constitution.

FIFA register US$700 million extra revenue in latest filings

The results are higher than those projected last June before the start of the World Cup held in Russia.

Dell projects sales growth will slow in fiscal 2020

Dell generated consistently strong hardware sales over the last year amid its transition back to the public market.

AirAsia swings to a loss in Q4 on fuel, lease expenses

It posts a loss of RM395 million for the three months to Dec 31 versus a RM372.6 million net profit a year prior to that.

SP Setia’s property sales exceed target for 2018

The good performance allows SP Setia to declare a final dividend of 4.55 sen per share bringing the total dividend for 2018 to 8.55 sen per share.

Walmart reports jump in 4Q profits on higher US sales

The company's latest increase follows acquisitions of smaller digitally-oriented retail companies and revamping its operations with new smartphone application features and customer offerings.

Uber revenue growth slows, losses persist as 2019 IPO draws near

As it released the numbers, Uber touted the rising use of its app around the world.

Carlsberg chalks RM277 million in net profit for 2018

Carlsberg Malaysia announces it will pay out a record high dividend of 100 sen per share for 2018.