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Market Daily Report: Bursa Malaysia Pulls Back After Recent Rally

KUALA LUMPUR, Nov 7 (Bernama) -- Bursa Malaysia staged a modest pullback to end lower today, driven by profit-taking after a four-day rally, amid the mostly higher regional market performance, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 10.89 points, or 0.66 per cent, to close at 1,623.28 compared to Wednesday’s close of 1,634.17. The benchmark index opened 1.97 points higher at 1,636.14 and fluctuated between 1,622.75 and 1,639.55 throughout the day. Market breadth was negative, with decliners thumping advancers 641 to 466, while 507 counters were unchanged, 792 untraded, and 10 suspended. Turnover expanded to 3.77 billion units valued at RM3.41 billion versus 3.39 billion units valued at RM2.92 billion on Wednesday. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said that despite the fall in the FBM KLCI today, it remains elevated compared to last week as pro
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LHDN Income Tax Rate 2014 Vs Income Tax Rate 2015 (Post-GST Implementation)

As the goods and service tax (GST) is officially implemented in Malaysia 2014, most Malaysians will finally have to pay tax from all income level. Paying more taxes definitely not good news for almost everywhere through out the world, but there is very small good news to the income tax payers, whereas the income tax rate for the year 2015 will be reduced by few points basis.

The winner again, will be the high income earner - which is those who are earning RM400K and above because their rate drop although they might still argue that they will pay a lot more in the form of GST. The following is the comparison of the income tax rate before the GST implementation vs the post-GST.


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