Mongolian Mining Revenue Rises 69 Pct In 1H2026

KUALA LUMPUR, Aug 21 (Bernama) -- Mongolian Mining Corporation (MMC), the largest producer and exporter of washed coking coal products in Mongolia, reported total revenue of approximately US$586.2 million for the six months ended June 30, 2026 (1H2026), up 69.0 per cent year-on-year from US$346.6 million. (US$1=RM4.04)

LBS Bina Records Net Profit Of RM15.04 Mln In 2Q 2026

KUALA LUMPUR, Aug 21 (Bernama) -- LBS Bina Group Bhd registered a net profit of RM15.04 million for the second quarter ended June 30, 2026 (2Q FY2026) compared with RM27.08 million in 2Q FY2025.

Economist Backs Hybrid SST, Calls For Input Tax Credit Mechanism

By K. Naveen Prabu

KUALA LUMPUR, Aug 20 (Bernama) -- An economist has backed the proposal for a hybrid sales and service tax (SST) system, saying the mechanism should incorporate input tax credits to reduce tax cascading.

KL Rubber Market Ends Mixed

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 20 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Thursday, supported by gains in regional rubber futures markets, while concerns over developments in West Asia capped further upside, a dealer said.

Govt Will Not Consider Core GST Principle, Open To Adjusting SST -- PM Anwar

KUALA LUMPUR, Aug 20 (Bernama) -- The government will not consider the basic principle of the Goods and Services Tax (GST) as a broad-based tax, while remaining open to making adjustments to improve the implementation of the Sales and Service Tax (SST), Prime Minister Datuk Seri Anwar Ibrahim said.

Kossan Rubber's 2Q Net Profit Rises To RM64.47 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Kossan Rubber Industries Bhd's net profit for the second quarter ended June 30, 2026 (2Q 2026) had more than doubled to RM64.47 million from RM31.15 million in 2Q 2025, supported by improved performance across its divisions.

Gas Malaysia Earnings Seen Growing On Higher Tariffs, Volume Recovery

KUALA LUMPUR, Aug 20 (Bernama) -- Gas Malaysia Bhd's (GMB) financial year 2026 (FY2026) earnings are expected to grow four per cent year-on-year (y-o-y), mitigating the lower sales volume and Malaysia Reference Price (MRP), while FY2027 earnings are forecast to rise 16 per cent y-o-y on higher MRP and a volume rebound.

Ministry Of Finance To Study Proposed Hybrid GST-SST Tax System

PUTRAJAYA,  Aug 19 (Bernama) --  The Ministry of Finance will be given time to conduct a comprehensive study on the government’s proposal to combine elements of the Goods and Services Tax (GST) with the Sales and Services Tax (SST), said MADANI Government spokesperson Datuk Seri Fahmi Fadzil.

TH Plantations Records Net Profit Of RM5.78 Mln In 2Q 2026

KUALA LUMPUR, Aug 19 (Bernama) -- TH Plantations Bhd (THP) registered a net profit of RM5.78 million for the second quarter ended June 30, 2026 (2Q 2026) compared with RM11.78 million in 2Q 2025. 

S P Setia Second Quarter Net Profit Eases To RM98.05 Mln

KUALA LUMPUR, Aug 19 (Bernama) -- S P Setia Bhd posted a lower net profit of RM98.05 million in the second quarter ended June 30, 2026, compared with RM99.80 million in the same quarter a year ago.

GST Features In SST Can Ease Tax Cascading, Cost Pressures - FMM

KUALA LUMPUR, Aug 19 (Bernama) -- Incorporating selected Goods and Services Tax (GST) features into the existing Sales and Service Tax (SST) framework can help address tax cascading and cost pressures, the Federation of Malaysian Manufacturing (FMM) said.

Petronas Chemicals 2Q Net Profit At RM414 Mln Vs RM1.08 Bln Net Loss A Year Ago

KUALA LUMPUR, Aug 19 (Bernama) -- Petronas Chemicals Group Bhd's (PCG) net profit surged to RM414 million in the second quarter ended June 30, 2026 (2Q FY2026) from a net loss of RM1.08 billion in the same quarter a year earlier.