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Economy

Penang Tech Financial Centre To Capitalise On Geopolitical Shifts, AI Supercycle – Chow

GEORGE TOWN, Oct 30 (Bernama) -- The establishment of the Penang Technology Financial Centre (PTFC) positions the state strategically to capitalise on global geopolitical shifts and the artificial intelligence (AI) supercycle, further accelerating growth in the semiconductor and electrical and electronics sectors.

Linyi Trade City Initiative To Ease Supply Chain Access For Malaysian Businesses

By Norhayati Mohd Akhir

LINYI (Shandong) Oct 30 (Bernama) -- Malaysian businesses will now have more efficient access to supply chains in China following Linyi Trade City Group's move to introduce the Market Procurement + Global Partners Initiative, backed by the integration of logistics, customs and financial services under a unified service platform.

Govt Plans To Reform Development Expenditure Allocation Based On States’ Needs

KUALA LUMPUR, Oct 30 (Bernama) -- The government plans to reform federal development expenditure by moving away from a historical spending-based approach towards a model that prioritises equity and efficiency to narrow regional productivity gaps.

Anwar Urges Bursa Malaysia To Help More Local Firms Become Regional Champions

KUALA LUMPUR, Oct 29 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has called on Bursa Malaysia Bhd to help more Malaysian companies grow into regional champions, saying too many promising businesses remain small for too long.

Sukuk Dissolution Event Does Not Require Immediate Full Repayment, Says Zetrix AI

KUALA LUMPUR, Oct 29 (Bernama) -- Zetrix AI acknowledges that a dissolution event had been triggered under its Sukuk Wakalah Programme following a breach of a covenant requiring Wong Thean Soon to remain its single largest shareholder.

Penang Seeks Simpler Import Procedures For Specialised Lab Equipment

BATU KAWAN, Oct 29 (Bernama) -- Penang hopes the federal government will consider reviewing and simplifying import procedures for specialised laboratory equipment to reduce uncertainty over equipment classification, tax exemptions and approval timelines.

PNB, Bernama Explore Collaboration To Strengthen Public Financial Literacy

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 29 (Bernama) -- Permodalan Nasional Bhd (PNB) is exploring a collaboration with the Malaysian National News Agency (Bernama) to expand efforts to strengthen public financial literacy, especially to encourage Malaysians to save and invest.

Govt Increases All State Allocations, Sabah And Sarawak Highest - Amir Hamzah

KUALA LUMPUR, Oct 29 (Bernama) -- The federal government has always prioritised projects proposed by the state governments, including increasing allocations to all states, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Rural Roads Programme Financing Prioritised, Allocation For 2026 Rises To RM3.1 Bln – Amir Hamzah

KUALA LUMPUR, Oct 29 (Bernama) – The government is prioritising the Rural Roads Programme (JALB) project financing with the total allocation for 2026 rising to RM3.1 billion from the original allocation of RM2.11 billion, according to the Finance Ministry (MoF).

North Atlantic France Raises Tender Offer Price To 75 Euros

KUALA LUMPUR, Oct 29 (Bernama) -- North Atlantic France has raised the price of its mandatory tender offer for the shares of North Atlantic Energies it does not already own to 75 euros per share. (1 Euro = RM4.54)

Govt Takes Targeted Approach To Assist Affected SMEs - Amir Hamzah

KUALA LUMPUR, Oct 29 (Bernama) -- The government is taking a targeted approach to assist small and medium enterprises (SMEs) affected by economic pressures, including through loan rescheduling and restructuring, as well as payment deferments.

EZVIZ Showcases Smart Locks, Cameras At Malaysia’s HOMEDEC 2026

KUALA LUMPUR, Oct 29 (Bernama) -- Smart home brand EZVIZ is showcasing its latest smart locks and security cameras at HOMEDEC 2026, the home design, decoration and renovation exhibition, from Oct 29 to Nov 1.