The Star Online: Business

Shares on Bursa Malaysia firmer at mid-morning
Perodua to set up new company with RM790mil
Santas in Ukraine reminded to pay taxes

Shares on Bursa Malaysia firmer at mid-morning

Posted: 26 Dec 2012 06:40 PM PST

Published: Thursday December 27, 2012 MYT 10:40:00 AM

PETALING JAYA: Share prices on Bursa Malaysia traded on a firmer footing in mid-morning trade, thanks to window-dressing activities in selected heavyweights by fund managers. At 10.11 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.4 points to 1,674.98. At mid-morning, most regional bourses were also trading firmly, with Japan's Nikkei rising 129.08 points to 10,359.44, while Hong Kong's Hang Seng rose 89.52 points to 22,630.70 and Singapore's Straits Times gained 7.16 points to 3,187.97. At Bursa Malaysia, top gainers included British American Tobacco (M) Bhd, up 52 sen to RM59.96, United Plantations Bhd, up 30 sen to RM25.20, Keck Seng (M) Bhd, up 19 sen to RM4.36, and Suchirin Industries (M), which rose 17 sen to RM1.75. Among actively traded stocks were Tiger Synergy Bhd which fell half-a-sen to 32 sen, DSC Solutions Bhd, which lost one sen to 18 sen and GSB Group Bhd, up half-a-sen to nine sen.

Perodua to set up new company with RM790mil

Posted: 26 Dec 2012 06:27 PM PST

Published: Thursday December 27, 2012 MYT 10:28:00 AM
Updated: Thursday December 27, 2012 MYT 11:03:14 AM

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd, or Perodua, is investing RM790mil to set up a new company with the state-of-the-art manufacturing facilities adjacent to its existing manufacturing facility in Rawang. The new company will have a paid-up capital of RM200mil and some 1,200 personnel. The new plant will be able to produce 100,000 vehicles per annum on a one-shift cycle, while the existing plant is able to produce 200,000 units per annum on a two-shift cycle.

Santas in Ukraine reminded to pay taxes

Posted: 26 Dec 2012 05:16 PM PST

KIEV: Cash-strapped Ukraine on Wednesday reminded entertainers making money by posing as Did Moroz - the local version of Santa Claus - and his helpers to pay income tax.

The former Soviet republic's government faces $9 billion in foreign debt repayments next year and its budget deficit almost tripled in January-October this year to more than $4 billion.

By studying internet advertisements, the state tax service found out that a Did Moroz with a traditional female Snihuronka (Snow Maid) helper would earn 250 to 3,500 hryvnias per hour in capital Kiev this season.

"Such citizens will need to file forms and pay taxes," the tax service said in a statement.

The service said it was barred from conducting tax checks on small businesses but urged ordinary Ukrainians to report tax-dodging Santas. - Reuters

Kredit: www.thestar.com.my

Rabu, 26 Disember 2012