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New Straits Times
3 days ago
- Business
- New Straits Times
MN Holdings wins RM29mil TNB contract for Johor substation project
KUALA LUMPUR: MN Holdings Bhd's unit, MN Power Transmission Sdn Bhd, has secured a RM29.3 million contract from Tenaga Nasional Bhd (TNB) for a substation expansion project in Johor. In a filing with Bursa Malaysia, the company said it received the letter of award from TNB yesterday for the extension of two new 132-kilovolt transformer bays at the existing main intake substation in the Tanjung Langsat Industrial Estate. The project involves supplying, installing and commissioning the high-voltage transformer units using air-insulated switchgear technology, together with all associated civil works and secondary electrical systems. The contract, which excludes Sales and Service Tax, is scheduled to be completed within 540 days from the commencement date. MN Power Transmission is also required to furnish a performance security of RM1.47 million, equivalent to five per cent of the contract value, within 56 days of the award. Additionally, the company must procure all necessary insurance coverage, including construction all-risks, workmen's compensation, public liability and other relevant policies. "This project award reflects MN's ongoing capability and expertise in delivering power infrastructure solutions," the company said, adding that the contract is expected to contribute positively to the group's future earnings and net assets.
New Straits Times
3 days ago
- Business
- New Straits Times
It's an investment in Malaysia's future and fiscal resilience
Taking a comparison between the Sales and Service tax (SST) and the Goods and Services Tax (GST) is actually engaging in a misguided debate. The focus should be on where the expected additional revenue derived from the SST expansion (SST 2.0) will be directed and invested, and how the reform in the SST 2.0 model can improve the fiscal resilience of the economy. The state of the Malaysian economy and the global economy at large today is different from a decade ago when GST was rolled out. When GST was introduced, SST was abolished. And when GST was abolished in 2018, SST was reintroduced. Now, we have SST 2.0. In Madani economic terms, it is about achieving the twin objectives of "raising the ceiling" and "raising the floor", which essentially seeks to empower the people and to transform the economy into a high-income nation. Today, a whole range of public support — schools, universities, clinics, hospitals, roads, Internet access, bridges, security, legal system, etc — is more crucial than ever and this involves government spending and investments. Imagine how we faced the Covid-19 pandemic without government support, just to show one example. Currently, humanity is facing a slew of existential and once-in-a-lifetime changes. Climate change, technological revolution, digital economy and ageing society all require a fundamental shift in the structure of the economy and, hence, the need for the government to broaden their revenue base in a sustainable manner. Adding to this is the global economic uncertainty and ongoing geopolitical risks which, again, require the government to play a greater role than in the past to mitigate their downside impact to the economy. To stay competitive, the government needs to invest in many "moonshot projects" and research and development that will anchor and propel the economy to greater heights. When it comes to paying taxes, the real question is always about the value that the people get from paying those taxes. For instance, Denmark, Sweden and Finland have among the highest tax rates in the world. But they are also always ranked at the top globally in the happiness report. Finland now has the "happiest people" for eight consecutive years. Denmark ranked second while Sweden came in fourth. What are the reasons behind their happiness? One factor that cannot be denied is their robust welfare system, including the comprehensive, high-quality and reliable healthcare, education and public transport systems. In Sweden and Denmark, their strong social safety net and pension systems are among the best in the world. To put it simply, it is about "higher taxes, higher rewards". The same argument can be extended to the business community. The issue is not so much about additional costs due to higher taxes, but the value these companies can get for paying those taxes. If the logic is that lower taxes will attract more businesses and investments, then many companies would have flocked to Paraguay, where its corporate income tax is one of the lowest in the world at 10 per cent. Even with the higher taxes, Stockholm has been dubbed the "Unicorn Factory". From Spotify to Minecraft, Stockholm has the highest number of tech unicorns (startups valued at above US$1 billion) per capita in the world after Silicon Valley in the United States. Meanwhile, with the extra revenue from SST 2.0, Malaysians must feel their well-being and prosperity will improve in the future. It is expected that the tax-to-gross domestic product ratio can be increased from the present 12 per cent to a level that is at least at par with our peers or with other Asia Pacific countries.
Rakyat Post
18-06-2025
- Health
- Rakyat Post
Fruit Tax In The Way Of Your Diet Plan? Here Are Some Local Alternatives
Subscribe to our FREE With Malaysia expanding its Sales and Service Tax (SST) to include imported fruits, consumers may face higher prices for popular imports like apples, oranges, grapes, cherries, and berries. Fortunately, Malaysia has a wide range of locally grown fruits that are delicious, affordable, and often more sustainable. In fact, many locally-grown fruits also provide similar nutrients to the imported fruits that we all love. Here are some local fruit alternatives compared to their imported counterparts to consider: Apple alternative: Guava (Jambu Batu) Crystal guava The guava, or jambu batu as we call it here in Malaysia, is arguably a healthier alternative to red apples. According to food and nutrition website Most notably, guavas are significantly richer in vitamin C compared to red apples. There are many types of guavas grown in Malaysia, with the most commonly consumed one being the Crystal Guava. These are the guavas we typically see at fruits stands, with green skin and white flesh, eaten with a sprinkle of asam (plum) powder. Another type of guava grown locally is the Red Malaysian guava, which also sometimes known as the Thai Maroon guava. They have a sweet-tart flavour profile and can be typically found in local markets. Red Malaysian guavas are also high in vitamin C, just like Crystal guava and red apples. Red Malaysian guava In summary, Malaysian guava is a nutritional powerhouse, particularly rich in vitamin C, fiber, potassium, and protein. If you're aiming for more nutrients per bite, especially for immune support and digestive health, guava is superior. But for a milder, sweeter fruit with a softer bite, apples are still great. Nutrient Red Apple (100g) Malaysian Guava (100g) Comments Calories 52 kcal 68 kcal Guava is more calorie-dense due to higher sugars. Carbohydrates 13.8 g 14.3 g Both are high in carbs, mostly from natural sugars. Sugars 10.4 g 8.9 g Apple slightly sweeter. Dietary Fiber 2.4 g 5.4 g Guava has more than double the fiber. Protein 0.3 g 2.6 g Guava has significantly more protein. Fat 0.2 g 1.0 g Still low, but guava has more. Vitamin C 4.6 mg (5% DV) 228 mg (250% DV) Guava greatly outshines apple in vitamin C. Vitamin A 3 µg 31 µg Guava has more pro-vitamin A. Potassium 107 mg 417 mg Guava again wins in potassium. Magnesium 5 mg 22 mg Guava provides more. Calcium 6 mg 18 mg Guava triples apple here. Source: Orange alternative: Pomelo (Limau Bali) Tambun pomelo If you're a fan of citrus fruits, a good replacement for oranges would be the pomelo. Also known as limau bali , pomelos are slightly lower in calories and sugars, and richer in potassium and vitamin C, compared to oranges. However, oranges are higher in fiber, calcium, and vitamin A and as far as taste goes, orange is sweeter and juicier, while pomelo is milder, drier, and often slightly bitter or tangy. But don't be put off by that; there are many great Pomelos are primarily grown in the regions of Perak, Kedah, Johor, Melaka, and Kelantan, although Perak, specifically in Tambun, is renowned for its high-quality pomelos. The unique limestone-rich soil in Tambun is believed to contribute to the juiciness and sweetness of the pomelos grown there. Nutrient Orange (100g) Pomelo (100g) Comments Calories 47 kcal 38 kcal Pomelo is slightly lower in calories. Carbohydrates 11.8 g 9.6 g Orange is higher in natural sugars. Sugars 9.4 g 7.5 g Orange is sweeter. Dietary Fiber 2.4 g 1.0 g Orange has more fiber. Protein 0.9 g 0.8 g Almost equal. Fat 0.1 g 0.0 g Both are fat-free in practical terms. Vitamin C 53.2 mg (59% DV) 61 mg (68% DV) Pomelo slightly edges out. Vitamin A 225 IU (11 µg) 8 IU (0.4 µg) Orange has more vitamin A. Potassium 181 mg 216 mg Pomelo wins here. Calcium 40 mg 4 mg Orange has 10x more calcium. Magnesium 10 mg 6 mg Orange has more magnesium. Source: Grape alternatives: Langsat or Duku Langsat, also called lanzones. Grapes are great to snack on while watching TV or as a healthy dessert after a meal, but now that it's going to be taxed under the new SST scheme coming into effect on 1 July, you could consider langsat or duku as alternatives. Both langsat and duku are both types of fruits from the Lansium domesticum species. Langsat has a sweet-tart flavour that is slightly citrusy, and refreshing. It is rich in fiber, potassium, and contains mild levels of vitamin C – making it a healthy, low-calorie tropical snack. Duku on the other hand is sweeter and has denser flesh. They're a good source of vitamins A, B and C, and contains minerals such as calcium, iron, and potassium. Just like grapes, these two alternatives are great if you're looking for small fruits with moderate amounts of vitamin C and high in potassium to snack on. Nutrient Grapes ( Vitis vinifera ) Langsat ( Lansium domesticum ) Duku ( Lansium parasiticum ) Calories 69 kcal 57 kcal 57 kcal Carbohydrates 18 g 14 g 14 g Sugars 15 g 10 g 9 g Dietary Fiber 0.9 g 2.3 g 2.0 g Protein 0.7 g 1.0 g 1.0 g Fat 0.2 g 0.2 g 0.2 g Vitamin C 10.8 mg 9 mg 9 mg Potassium 191 mg ~275 mg ~275 mg Source: Cherries alternative: Rambutan Another fruit called pulasan is closely related to rambutan. Cherries and rambutan share almost the same amount of calories, carbohydrates, and sugars. However, rambutans have much higher vitamin C content while cherries beat rambutans with higher amounts of potassium. Although rambutans are slightly higher in calories, they are better for immune system support and bone health thanks to its higher content of vitamin C and calcium. Cherries are generally sweet, juicy, and has a mild tartness in its flavour. Rambutans on the other hand are also sweet but has a floral lychee-like fragrance and a slight acidic tang. Being a tropical fruit, rambutans are locally grown in Malaysia and are available all year long. Alternatively, you could also opt for pulasan which is a fruit closely related to rambutan and is rich in antioxidants. Nutrient Cherries ( sweet ) Rambutan ( tropical ) Calories 63 kcal 68 kcal Carbohydrates 16 g 16.5 g Sugars 13 g 13.2 g Dietary Fiber 2.1 g 0.9 g Protein 1.1 g 0.9 g Fat 0.2 g 0.2 g Vitamin C 7 mg 20.9 mg (35% DV) Potassium 222 mg 42 mg Calcium 13 mg 22 mg Iron 0.4 mg 0.35 mg Source: Strawberry alternatives: Sapodilla (Ciku) Sapodilla is a local treat with sweet, malty and caramel-like flavours. Although they're not direct alternatives, swapping out strawberries for sapodilla (ciku) is more of a choice of indulgence. For one, ciku is much higher in calories and natural sugar which in a way, gives a boost of energy. They're also very high in fiber, making it excellent for digestion. Besides that, ciku contains more iron and healthy fats compared to strawberries. When it comes to flavour, those who have tried ciku will know how irresistible the sweet, malty, caramel-like flavour is. Ciku is a popular tropical fruit in Malaysia and is widely cultivated, particularly in states like Pahang, Johor, Kelantan, and Terengganu. Nutrient Strawberries ( Fragaria × ananassa ) Sapodilla ( Manilkara zapota ) Calories 32 kcal 83 kcal Carbohydrates 7.7 g 19.9 g Sugars 4.9 g 14.7 g Dietary Fiber 2.0 g 5.3 g Protein 0.7 g 0.4 g Fat 0.3 g 1.1 g Vitamin C 58.8 mg (98% DV) 14.7 mg (24% DV) Calcium 16 mg 21 mg Potassium 153 mg 193 mg Iron 0.4 mg 0.8 mg Source: Choose local fruits, support local farmers By choosing local fruits, you're supporting Malaysian farmers, avoiding higher taxes, and reducing your carbon footprint from long-distance imports. Check your local wet markets or pasar tani (farmers markets) for the freshest and cheapest locally-produced fruits. It's as easy as asking your local fruit trader for 'buah-buahan tempatan'. READ MORE: Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Focus Malaysia
14-06-2025
- Business
- Focus Malaysia
Finance ministry justifies SST on imported fruits citing local alternatives
THE Finance Ministry of Malaysia defends its decision to impose a 5% Sales and Service Tax (SST) on imported fruits, stating that locally produced fruits, such as bananas, pineapples, and melons from Terengganu and Kedah, are sufficient alternatives, remaining tax-exempt. In an interview with Malaysiakini, treasury secretary-general Johan Mahmood Merican explained that basic goods like chicken, vegetables, rice, flour, bread, and cooking oil are also zero-rated for SST, as they are widely consumed across income levels. According to him, there was a sufficient diversity of locally grown fruits that are available in supply, that is zero percent taxed. He claimed imported fruits are considered 'discretionary expenditures' with viable local substitutes, justifying the tax. Johan further added that the exemption would encourage the consumption of local produce. The domestic trade and cost of living ministry also actively monitors prices to prevent profiteering, with increased enforcement activities and the provision of affordable alternatives through Jualan Rahmah and Agro Madani. —June 14, 2025 Main image: Wellcure
