KUALA LUMPUR (May 22): Perusahaan Otomobil Kedua Sdn Bhd (Perodua) expects its temporary move to absorb the 6% goods and services tax (GST) to have an impact on the car maker's bottom line.
"Our bottom line will be affected, but that is okay. We respect the wish of the government of the day (to remove the GST). Perodua will continue to align itself with its stated objective of producing affordable cars that are equipped with high technology," its president and chief executive officer Datuk Dr Aminar Rashid Salleh told reporters at the company's Iftar Ramadan this evening.
Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.