Zeti hopes retailers pass on benefits from zero GST to consumers
KUALA LUMPUR: Council of Eminent Persons (CEP) member Tan Sri Dr Zeti Akhtar Aziz hoped that consumers will continue to enjoy cheaper products following the move by the government to zero-rate the Goods and Services Tax (GST).
KUALA LUMPUR (Sept 19): Berjaya Sports Toto Bhd (BToto) posted a 16.92% jump in net profit to RM86.89 million in the first financial quarter ended July 31, 2018 (1QFY19) from RM47.94 million a year ago, on the improved performance of Sports Toto Malaysia Sdn Bhd (Sports Toto) and H.R. Owen Plc.
Earnings per share rose to 6.45 sen for the quarter compared with 5.51 sen in 1QFY18.
Revenue was 1.97% higher to RM1.5 billion from RM1.47 billion in the previous year.
JAKARTA: Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, part of a bid to prop up the ailing rupiah.