Avoid retrenchment if you want tax exemptions, Guan Eng tells media companies

Geraldine Tong

Modified 16 Dec 2019, 6:28 am

Finance Minister Lim Guan Eng (above) has said that the government is prepared to give tax exemptions to media companies on the condition that the companies take every step possible to avoid retrenching their employees.

This comes in light of the ongoing retrenchment exercise by media conglomerate Media Prima Bhd, which will reportedly see 543 staff from the New Straits Times Press (NSTP) group leaving their positions in March next year...

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