EVENING 5: ‘Cukai Makmur’ spooks investors

The Edge TV 2021-11-01

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In today’s edition of Evening 5 — The FBM KLCI slumps as the spectre of “Cukai Makmur” spooks investors. CGS-CIMB Research estimates the one-off windfall tax will lower banks’ total FY22 net profit by 9%, with Ambank appearing to be the hardest hit. Meanwhile, Ta Win bags a RM2.5 billion contract from South Korea’s POSCO International Corp.

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