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Niluksi Koswanage

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Articles

Massive Tax Bill Clouds Malaysian Royal’s Sale of Singapore Land

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By Low De Wei Verified, Niluksi Koswanage Verified
| Bloomberg Tax Verified
A Malaysian royal’s plan to sell a tract of land in the heart of Singapore faces a complication: a tax bill that may exceed $1 billion. A levy known as a land betterment charge has emerged as a sticking point in negotiations between some prospective buyers and the current owner, the eldest son of Malaysia’s billionaire king, according to people familiar with the matter. The owner wants any buyer to foot the bill, the people said, asking not to be identified because the information is private.
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Massive Tax Bill Clouds Sale of Singapore Land by Malaysian King’s Son

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By Low De Wei Verified, Niluksi Koswanage Verified
| Bloomberg News Verified
Photographer: Samsul Said/Bloomberg (Bloomberg) -- A Malaysian royal’s plan to sell a tract of land in the heart of Singapore faces a complication: a tax bill that may exceed $1 billion. A levy known as a land betterment charge has emerged as a sticking point in negotiations between some prospective buyers and the current owner, the eldest son of Malaysia’s billionaire king, according to people familiar with the matter.
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Malaysia’s Anwar Said to Mull Later Election Date After Setbacks

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By Netty Ismail Verified, Niluksi Koswanage Verified
| Bloomberg News Verified
Photographer: Samsul Said/Bloomberg (Bloomberg) -- Malaysian Prime Minister Anwar Ibrahim is looking to push back national elections until the second half of next year, people familiar with the matter said, as state poll defeats and soured partnerships reveal his political vulnerability. That timeframe would mark a significant delay.
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