<div>This article first appeared in<em> The Edge Financial Daily,</em> on January 25, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Logistics firm Tasco Bhd is buying six leasehold tracts in Selangor’s Pulau Indah and a 100% stake in cold storage firm Mils Gold Chain Logistics Sdn Bhd to expand its capacity.</p></div>

<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia yesterday, Tasco said it is buying the tracts with a combined area of approximately 16ha for RM113.83 million, and the stake in Mils Gold Chain for RM29.93 million from Swift Integrated Logistics Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Currently, the existing facilities of Tasco group are operating at near full capacity. In fact, there is greater demand for warehouse space and transportation services than it is able to be fulfilled by Tasco group.</p></div>

<div class=newsTextDataWrapInner><p>“Tasco has to venture into new areas of opportunity, including embarking on acquisition opportunities, to add-on additional facilities and further enhance its present strong logistics base,” Tasco said.</p></div>

<div class=newsTextDataWrapInner><p>Tasco said it had signed the sale and purchase agreement with Swift Integrated for the land purchase. Both companies have also signed the share sale agreement for the Mils Gold Chain acquisition.</p></div>


This article first appeared in The Edge Financial Daily, on January 25, 2017.

 

KUALA LUMPUR: Logistics firm Tasco Bhd is buying six leasehold tracts in Selangor’s Pulau Indah and a 100% stake in cold storage firm Mils Gold Chain Logistics Sdn Bhd to exp...

Tasco buys Pulau Indah land, cold storage firm

Understanding the return of populism is crucial for making sense of today’s politics. This is especially true in the US, both for president-elect Donald Trump and congressional Republicans as they prepare to govern, and for the Democrats as they try to recover from their stunning defeat.

The Policy Puzzle: Populism never lasts

Indonesia scaled back its planned increase in the value-added tax (VAT) rate just hours before it was set to take effect on Jan 1 amid escalating public outcry. 

The VAT rate will be increased to 12% only for goods and services that are already subject to the existing luxury tax, such as private jets, yachts and pricier houses, President Prabowo Subianto said in a speech on Tuesday after unexpectedly attending the year-end meeting of the Finance Ministry.

Indonesia waters down planned value-added tax hike in last-minute move

Abu Dhabi's Mubadala Investment Company accounted for about 20% of the almost US$136.1 billion (RM608.8 billion) spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia's wealth fund amid a surge in spending from Gulf countries.

Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender

Malaysia is on its way to becoming a data centre (DC) hub in the region. Between 2021 and  June 2024, a total of RM90.2 billion poured in for DC developments. International companies such as US-based Google, Microsoft, Equinix, as well as China-based Yondr Group, Bridge Data Centres and Singapore-based Keppel Data Centres and Singapore Telecommunications Ltd (Singtel) are among the big names in Malaysia's DC market.

Data Centres: Malaysia’s Next Frontier

Investors are expecting more gains for the US stock market in 2025 after two straight standout years, fuelled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming President Donald Trump.

Investors hope for US stock market trifecta in 2025 after back-to-back boom years

While bitcoin’s surge above US$100,000 (RM447,300) captivated the headlines in 2024, many financial firms were more focused this year on a different type of cryptocurrency whose price is never meant to rise — or fall for that matter.

Crypto’s US$205b stablecoin market set to go mainstream

The Inland Revenue Board (IRB) has provided a tax identification number (TIN) search service for taxation activities provided under the Income Tax Act (ACP) 1967.

According to the IRB, this is in line with the announcement by the government through Budget 2025.

Tax identification number search service accessible from Jan 1, says IRB

The Malaysian Sustainable Palm Oil Standard MS2530:2022 (MSPO 2.0) officially comes into effect on Wednesday, introducing stricter guidelines for sustainability, traceability, and ethical practices in palm oil production.

Malaysia implements MSPO 2.0 to boost sustainable palm oil standards

The ban on covering one's face in public, which was passed in 2021, went into effect in Switzerland on Wednesday, reported Sputnik/RIA Novosti. 

Violators of the ban could face a fine of 1,000 Swiss francs (US$1,100 or RM4,929.74).

Ban on covering face in public goes into force in Switzerland

Tun Musa Aman took the oath of office as the 11th Yang di-Pertua Negeri of Sabah during a ceremony at Istana Seri Kinabalu here on Wednesday.

Musa, accompanied by his wife, Toh Puan Faridah Tussin, arrived at the ceremonial hall at 10.11am before taking the oath at 10.22am.

Musa Aman sworn in as 11th Yang di-Pertua Negeri of Sabah

<p>Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years.</p>


MUI group continues to unlock asset value

<p>A lawyer is challenging the federal government's smoking ban in private working offices that was gazetted on Sept 30, 2024&nbsp;and goes into effect on Jan 1, saying it is unconstitutional as smoking is not a criminal offence.</p>


Lawyer files eleventh hour bid challenging smoking ban on office premises

<p>KPJ Healthcare Bhd (KL:KPJ)&nbsp;has appointed Professor Emeritus Datuk Dr Lokman Saim to a newly created role of chief medical director effective immediately, as part of the healthcare group’s strategic focus on strengthening its clinical leadership and enhancing its clinical governance.</p>


KPJ appoints KPJU vice-chancellor Lokman Saim to newly created chief medical director role

<p>The four Malaysia-based airlines continued to experience significant fluctuations in their on-time performance (OTP) in the last few months of 2024, amid ongoing supply chain disruptions that showed no sign of abating in 2025.</p>


Malaysia-based airlines see continued fluctuations in on-time performance

<p>New Year’s Eve 2025 celebrations lit up the nation on Tuesday night, as Malaysians came together to enjoy a mix of recreational and spiritual activities with their families. The festivities also carried a sense of reverence, coinciding with the arrival of the sacred month of Rejab.</p>


Malaysia rings in 2025 with spectacular fireworks and spiritual events

<p>Russian gas flows to Europe via Ukraine appear set to stop as time runs out for a last-minute solution before a key transit deal expires, raising the stakes for the continent’s energy security as it draws heavily on reserves.</p>


Europe set for end to five decades of Russian gas via Ukraine

<p>Wars in Europe and the Middle East. Global political upheaval. Angst over a potential US recession. These and other pitfalls stalked markets in 2024, but in the end investors who embraced risk reaped the rewards.</p>


How US$10,000 fared in 2024 across a range of standout investments

<p>After a prolonged lull in the latter half of the 2010s, Malaysia has experienced a resurgence in foreign direct investment (FDI) inflows from project owners since 2021. This revival has attracted renewed interest from financial asset investors, as evidenced by the rerating of the benchmark KLCI and the strengthening of the ringgit this year.</p>


Roaring 20s: Malaysia in FDI upcycle

<p>Malaysia’s economy is widely expected to expand within the official forecast of 4.5%-5.5% in 2025, but a number of external factors may derail the print.</p>


Steady GDP growth expected in 2025, flanked by external uncertainties

<p>Tencent, ByteDance, Telegram and Meta are four major Internet messaging and social media service providers that have taken steps to apply for a licence to operate in Malaysia, according to the Malaysian Communications and Multimedia Commission (MCMC).</p>


X and Google yet to apply for social media licence, says MCMC

<p>The&nbsp;Inland Revenue Board (IRB) has provided a tax identification number (TIN) search service for taxation activities provided&nbsp;under the Income Tax Act (ACP) 1967.</p>

<p>According to the IRB, this is in line with the announcement by the government through Budget 2025.</p>


<p>Bitcoin more than doubled in 2024 driven by the US&nbsp;markets regulator's approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House.</p>


Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

<p>Mazda Motor Corp&nbsp;is wrapping up a banner year in an overall sluggish auto market, and its US sales chief expects that momentum to extend into 2025 — even without a fully electric vehicle (EV) in its line-up.</p>


Mazda poised for record-breaking year powered mostly by gas

<p>Global&nbsp;stocks&nbsp;declined on&nbsp;Tuesday&nbsp;as&nbsp;elevated US&nbsp;Treasury yields&nbsp;again contributed&nbsp;to a lacklustre close in an otherwise strong year for equities.</p>

<p>On Wall Street,&nbsp;early modest gains&nbsp;evaporated&nbsp;as the tech sector dropped 1.04%.</p>


Stocks end strong year with a whimper as yields apply pressure

<p>The Malaysian Sustainable Palm Oil Standard MS2530:2022 (MSPO 2.0) officially comes into effect on Wednesday, introducing stricter guidelines for sustainability, traceability, and ethical practices in palm oil production.</p>


<p>Investors are expecting more gains for the US&nbsp;stock market in 2025 after two straight standout years, fuelled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming President Donald Trump.</p>


<p>Treasuries are poised to eke out only a minuscule return in 2024, disappointing bond traders who once anticipated a banner year as the Federal Reserve (Fed) started pulling interest rates down from a more than two-decade high.</p>


Treasuries see hoped-for rally fizzle into another lagging year

<p>Malaysia is on its way to becoming a data centre (DC) hub in the region. Between 2021 and &nbsp;June 2024, a total of RM90.2 billion poured in for DC developments. International companies such as US-based Google, Microsoft, Equinix, as well as China-based Yondr Group, Bridge Data Centres and Singapore-based Keppel Data Centres and Singapore Telecommunications Ltd (Singtel) are among the big names in Malaysia's DC market.&nbsp;</p>


<p>The ban on covering one's face in public, which was passed in 2021, went into effect in Switzerland on Wednesday,&nbsp;reported <em>Sputnik/RIA Novosti</em>. </p>

<p>Violators of the ban could face a fine of 1,000 Swiss francs (US$1,100 or RM4,929.74).</p>


<p>While bitcoin’s surge above US$100,000 (RM447,300) captivated the headlines in 2024, many financial firms were more focused this year on a different type of cryptocurrency whose price is never meant to rise — or fall for that matter.&nbsp;</p>
