KUALA LUMPUR (Dec 30): The Ministry of Finance (MOF) said the government has agreed to exempt all types of foreign incomes of individuals from tax, and has also extended the exemption to dividend incomes earned by limited liability companies and partnerships.
The reopening of borders will have a direct impact on the property market by bringing overseas investors and foreign permanent residents to Malaysia. More broadly, the reopening of borders is a symbol of the overall return to normality, economic growth, and employment growth.
We expect the residential market to gain strength as a result of the rebound in the wider economy. Transaction volume will increase first, and lead overtime to price growth.
As the border reopen, international tourist (private car or public transport) can enter to Malaysia via road. The road traffic will increase which will increase the toll collection paid by international tourist by car.
I somewhat disagree. Reopening of border may have some limited upside for medical sector, mainly to higher end private hospitals like IHH (but its presence is not limited to Malaysia.
Healthcare is the largest segment for Edgenta. But the spillover effect is at best limited given it only plays supporting roles. However, with or without border opening up, Edgenta can still benefit when patients in Malaysia, Singapore and Taiwan go back to hospitals for their postponed surgeries.
Toll road servicing is the second largest contributor. I don't think tourism has any significant contribution on toll road traffic, and therefore indirectly the demand for toll road maintenance .
Edgenta property exposure is small. Anyway the demand, if any, will be at high end. Let's not forget property sector has been languishing with weak (local and foreign) demand even before the pandemic.
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row, by 1.82%, to add to it about 599.10 points. It settled at the end of trading at the level of 33,544.35, after its almost negligible rise in Monday’s trading Where it increased about 1.05 points only.
KUALA LUMPUR: The reopening of international border tomorrow will boost efforts to revive the local gastronomy and medical tourism sectors.
Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said the country had welcomed 26.1 million tourists, of which 17.89 million were from Asean countries, in 2019 before tourism activities were put to a halt.
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