<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 5): AME Elite Consortium Bhd's wholly-owned subsidiary AME Development Sdn Bhd has been slapped with RM7.16 million in additional income tax and penalty by the Director General of Inland Revenue Board (IRB) for the year of assessment 2018.</p></div>

<div class=newsTextDataWrapInner><p>The integrated industrial space solutions provider said in a bourse filing that AME Development was served with a notice of additional assessment by the IRB mainly pursuant to the dispute on the withdrawal of stocks as investment properties.</p></div>

<div class=newsTextDataWrapInner><p>"After consulting its tax agent and tax solicitors, the company is of the view that there are reasonable grounds to challenge the basis of assessment raised by the IRB," it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company will file an appeal against the notice of additional assessment.</p></div>

<div class=newsTextDataWrapInner><p>The company is also taking further advice from its tax agent and tax solicitors in order to take all necessary actions to protect the interest of the company, it added.</p></div>

<div class=newsTextDataWrapInner><p>“There will not be any imminent financial effects on the company pending the outcome of the appeal.</p></div>

<div class=newsTextDataWrapInner><p>“Further announcement would be made should there be any material development on this matter,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AME Elite shares fell two sen or 0.76% to close at RM2.60 today, valuing the group at RM1.11 billion.</p></div>


AME Elite Consortium Bhd's wholly-owned subsidiary AME Development Sdn Bhd has been slapped with RM7.16 million in additional income tax and penalty by the Director General of Inland Revenue Board (IRB) for the year of assessment 2018.

IRB slaps AME Elite Consortium unit with RM7.16m tax bill

This year as Malaysia and China commemorate 50 years of diplomatic relations, enhanced collaboration, and cooperation between the two nations will prove beneficial. The potential for the strengthening of bilateral relations is most recently demonstrated by the numerous commercial agreements and memorandums of understanding (MOUs) worth billions of ringgit that both countries inked.

Trade and investment key to bolstering Malaysia-China relations

For more than a decade, the Malaysian government has been pushing commercial and residential properties to adopt renewable energy (RE) options such as solar power. The Sustainable Energy Development Authority (SEDA) Malaysia was also set up in 2011 to help facilitate this mission. Today, while interest has picked up among commercial lots, many Malaysians still aren’t adopting it at home.

Making solar adoption more attractive via SolaRIS

KUALA LUMPUR (May 19): The unity government condemns the actions of those who try to intimidate and threaten the safety of MPs in the country.

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Jeff Bezos' space firm Blue Origin is scheduled on Sunday to launch its first crew of humans to the edge of space since the company's suborbital New Shepard rocket was grounded in 2022, resuming its space tourism business.

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He said that any wage increase announced by the government or the private sector is meaning...

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<p>The police have confirmed receiving a report from Seputeh Member of Parliament (MP) Teresa Kok Suh Sim about a threatening letter she received on Saturday.</p>


<p>Didi Global Inc president Jean Liu is relinquishing her roles as president and board director of China’s ride-hailing giant after almost a decade in the positions, as the company tries to revive growth following a regulatory crackdown by the government.</p>


<p>Efforts to assist small and medium-sized Malaysian companies in expanding their overseas market penetration must be enhanced to put them in a more favourable position, according to Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>KUALA LUMPUR (May 19): The unity government condemns the actions of those who try to intimidate and threaten the safety of MPs in the country.</p>

<p>Unity government spokesman Fahmi Fadzil said such shameful action should not be directed at any MP, whether they are backbenchers or from the Op...

<p>Trade and investment will be the main focus for cooperation between Malaysia and Uzbekistan, following Pr</p>


<p>KUCHING (May 19): A mechanism to effectively control inflation must be established to ensure workers can fully benefit from any wage increase, said Sarawak Premier Tan Sri Abang Johari Tun Openg.</p>

<p>He said that any wage increase announced by the government or the private sector is meaning...

<p>SEREMBAN (May 19): Deputy Minister of Communications Teo Nie Ching announced that the Cyber Security Bill is projected to be tabled by the end of this year at the latest.</p>

<p>She stated that the ministry is reviewing various aspects of the bill and seeking feedback from the Attorney General...

Tabling of Cyber Security Bill by year-end, says deputy minister 

<p>Jeff Bezos' space firm Blue Origin is scheduled on Sunday to launch its first crew of humans to the edge of space since the company's suborbital New Shepard rocket was grounded in 2022, resuming its space tourism business.</p>


<p>This year as Malaysia and China commemorate 50 years of diplomatic relations, enhanced collaboration, and cooperation between the two nations will prove beneficial. The potential for the strengthening of bilateral relations is most recently demonstrated by the numerous commercial agreements and memorandums of understanding (MOUs) worth billions of ringgit that both countries inked.&nbsp;</p>


<p>For more than a decade, the Malaysian government has been pushing commercial and residential properties to adopt renewable energy (RE) options such as solar power. The Sustainable Energy Development Authority (SEDA) Malaysia was also set up in 2011 to help facilitate this mission. Today, while interest has picked up among commercial lots, many Malaysians still aren’t adopting it at home.</p>
