Tuesday, April 12, 2011

#Flash* PM: Felda Global Ventures to list sugar business by July

KUALA LUMPUR: The Prime Minister said Felda Global Ventures' sugar business will be listed on Bursa Malaysia by July this year.

Datuk Seri Najib Razak said on Tuesday, April 12 that a new pension fund framework to enable the setting up of private retirement schemes will be launched by year-end.

Delivering his keynote address at the two-day Invest Malaysia conference, he said the government expected Malaysia's capital market to more than double to RM4.5 trillion by 2020.

He also announced new transitional income tax incentive for returning Malaysian professionals. He said they would be eligible for flat income tax rate of 15% for five years.

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