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Economy

Budget 2027: MAA Proposes Personal Income Tax Rebate To Boost xEV Adoption, Vehicle Scrapping

KUALA LUMPUR, Sept 28 (Bernama) -- The Malaysian Automotive Association (MAA) is proposing that the government provide a personal income tax rebate for the purchase of electrified vehicles (xEVs) and voluntarily scrapping of old vehicles in the 2027 Budget.

Malaysian-made Notti Pet Food Aims To Expand 'Paw'-print Across Southeast Asia

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Sept 27 (Bernama) -- Food science nutritionist Yap Ke Yee established Notti Sdn Bhd in July 2023 to address a personal lack of nutritious pet food options in the market.

Tradewinds Eyes Stronger Local Food Presence, Regional Expansion

KUALA LUMPUR, Sept 26 (Bernama) -- Conglomerate Tradewinds Malaysia Bhd is eyeing stronger market presence in the local food industry and growing its business portfolio to become a reputable regional player.

MIHAS: Pahang Eyes Major Halal Hub Status, Kuantan Port To Go Halal-Friendly

By Nor Liyana binti Zulkifli

KUALA LUMPUR, Sept 26 (Bernama) -- The Pahang government plans to position the state as a major halal hub in Peninsular Malaysia by branding Kuantan Port as a halal-friendly port, leveraging its integration with the East Coast Rail Link (ECRL).

Pakistan Plans To Bring Textile, Islamic Banking Players To MIHAS 2027 - Envoy

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 26 (Bernama) -- Pakistan plans to bring private sector players from the textile and Islamic banking sectors to participate in the Malaysia International Halal Showcase (MIHAS) 2027.

MCBA, MCAH Hold Meeting With Cambodia Commerce Ministry To Strengthen Bilateral Trade, Investment

KUALA LUMPUR, Sept 25 (Bernama) -- The Malaysia-Cambodia Business Association (MCBA) and the Malaysia Chinese Assembly Hall (MCAH) held a business engagement meeting with Cambodia’s Ministry of Commerce to strengthen bilateral trade and investment cooperation.

Saudi Arabia's Kinza Focuses On Consumer Needs, Right Partners For Expansion

KUALA LUMPUR, Sept 26 (Bernama) -- Saudi Arabian beverage brand Kinza is not seeking to compete with established beverage giants, but is instead focused on understanding changing consumer needs and expectations as it expands into Southeast Asia.

Decision On Abolition Of 30 Pct IPS Equity Requirement Under Relevant Ministry’s Purview - Akmal Nasrullah

SUBANG JAYA, Sept 26 (Bernama) -- The decision on the abolition of the 30 per cent Bumiputera equity requirement for private educational institutions (IPS) falls under the purview of the relevant ministry in accordance with its jurisdiction, said Economy Minister Akmal Nasrullah Mohd Nasir.

MIHAS Records RM5.5 Bln In Sales By Fourth Day, Confident Of Hitting RM6 Bln -- MATRADE

KUALA LUMPUR, 26 Sept (Bernama) --  The Malaysia International Halal Showcase (MIHAS) 2026 recorded RM5.5 billion in sales as of the fourth day of the event, said Malaysia External Trade Development Corporation (MATRADE) chairman Datuk Seri Reezal Merican Naina Merican.

Meta, KUSKOP Launch Small Business Growth Academy To Empower Malaysian MSMEs With AI, WhatsApp For Business Tools

KUALA LUMPUR, Sept 26 (Bernama) -- Meta Platforms Inc has launched the Small Business Growth Academy (SBGA) to help Malaysian micro, small and medium enterprises (MSMEs) use AI-enabled tools and WhatsApp for Business to find and connect with customers, improve productivity and grow across borders.

PPIBZW Aims To Standardise Financial Reporting Among 14 State Islamic Religious Councils

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 26 (Bernama) -- The Islamic Accounting Standards for Baitulmal, Zakat and Waqf (PPIBZW) aim to standardise financial reporting among the 14 State Islamic Religious Councils (MAIN), including how zakat and waqf transactions are recognised, said Accountant General of Malaysia Nasran Omar.

MIHAS 2026 A Practical Platform To Connect Malaysian, Chinese Entrepreneurs -- MEEDC

By Harizah Hanim Mohamed

KUALA LUMPUR, Sept 25 (Bernama) -- The ongoing Malaysia International Halal Showcase (MIHAS) 2026 is a practical platform to connect Malaysian and Chinese entrepreneurs, with durian-based products from Perak seen as having the greatest potential to tap into the China market.