EVENING 5: Five things you need to know today
EVENING 5: IRB keeping close tabs on those with offshore accounts
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. The Inland Revenue Board is closely monitoring individuals who own offshore bank accounts and will take action against any tax evasion, says its chief executive officer, Datuk Abu Tariq Jamaluddin.
2. APB Resources Bhd has completed a RM140 million purchase of a 10.37% stake in Penang-based semiconductor firm Globetronics Bhd.
3. Malaysia Smelting Corp saw its net profit fell nearly 64% in the fourth quarter dragged by foreign exchange losses, among others.
4. The world’s largest glove maker Top Glove Corp Bhd anticipated that sales volume would be minimally affected by the recent Red Sea shipping crisis, according to AmInvestment Bank Bhd.
5. Hume Cement Industries Bhd announced that it is planning to sell a plot of land in the Prai Industrial Estate to Skygate Technology (KL) Sdn Bhd for RM39.8 million cash.
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