Since 31 March 2004,IFRS 3 (Accounting for Business Combinations) is mandatory for companies to account for any business combinations.
You might be wondering why IFRS 3 has any involvement with this brand article.
The answer is simple: you will notice that in any business combination there is always an element of purchased goodwill which can […]

Reported in The Edge, Malaysia,(20/9/06)  Ireka Corporation Bhd’s executive director Lai Voon Hon had announced some turnaround strategies hoping to the turn the company’s bottom-line back to profitability. Earlier, the company has incurred a net loss of RM7.51 million in the first quarter to June 30, 2006 due maintly to its construction subsidiaries adversely affected […]

Recently, at a press briefing in Kuala Lumpur on Sept 13 in conjunction with the 32nd Deloitte KassimChan Tax Management Seminar, Deloitte’s managing director, Ronnie Lim offers some advices which should be well heeded:

Malaysian companies should pay more attention to taxation issues as it could […]

Another potential REIT which is likely to come up before end of the year:

The proposed REIT comprises two shopping malls –Subang Parade and Mahkota Parade. Subang Parade and Mahkota Parade, which have retail space of more than 489,000 square feet and 500,000 square feet […]

Glomac Bhd‘s Managing director, Datuk Fateh Iskandar Mohamed Mansor announced that the company is looking to venture into the Vietnam and Indian property markets through joint ventures as part of its expansion plan and to compensate for the slowdown in demand for local properties.

He further stressed that:

the company was looking […]