EVENING 5: TNB need not pay RM1.8 bil additional taxes
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. A three-member Court of Appeal bench upheld a High Court decision given two years ago dismissing an Inland Revenue Board claim of taxes amounting to RM1.8 billion against Tenaga Nasional Bhd.
2. The government should encourage more graduates to work abroad for better salaries to service their student debt, according to the Khazanah Research Institute.
3. Property developer S P Setia Bhd posted an almost 40% year-on-year jump in its net profit for the first quarter of the year.
4. Tomei Consolidated Bhd anticipates that the newly introduced Employees Provident Fund's Account 3 will enhance consumers' spending power, potentially boosting its sales.
5. Hup Seng Industries Bhd posted its best quarterly earnings in six years as sales went up and costs came down.