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Budget 2027: Govt Confident Of RM510 Bln Expenditure Without Introducing New Taxes -- Amir Hamzah

KUALA LUMPUR, Oct 12 (Bernama) -- The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Govt Yet To Designate Sabah Site For Low-altitude Economy Living Lab - MITI

KUALA LUMPUR, Oct 12 (Bernama) -- The government has yet to designate any location in Sabah as a living laboratory for the Low-Altitude Economy, as a comprehensive assessment is still required.

Eight Of Malaysia’s Nine Anti-dumping Measures Cover Iron, Steel Products - MITI

KUALA LUMPUR, Oct 12 (Bernama) -- The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

AlphaESS, DB Energy Partner For AI Data Centre Power Project In Perak

KUALA LUMPUR, Oct 12 (Bernama) -- Alpha ESS Malaysia Sdn Bhd (AlphaESS) has signed a memorandum of understanding (MoU) with DB Energy Sdn Bhd to collaborate on an integrated hybrid power supply system for an artificial intelligence (AI) data centre project in Bagan Datuk, Perak.

iCents Group Secures Semiconductor Facility Project Worth RM36.15 Mln

KUALA LUMPUR, Oct 12 (Bernama) -- iCents Group Holdings Bhd has secured a two-stage semiconductor wafer processing facility project in Selangor with an aggregate potential contract value of RM36.15 million, excluding sales and service tax (SST).

Budget 2027: Tax Incentives, Stamp Duty Reviewed To Support Local Shipping Companies

KUALA LUMPUR, Oct 12 (Bernama) -- Tax incentives for Malaysian shipping companies are proposed to be reviewed to contribute to the growth of Malaysian shipping fleet and reduce dependence on foreign vessels as well as enhance the inflow of ship freight revenue into Malaysia in the long term.

MOF Proposes Global Services Hub Tax Incentive Review To Boost Competitiveness

KUALA LUMPUR, Oct 12 (Bernama) --The Ministry of Finance (MoF) has proposed revising the tax incentives for the Global Services Hub (GSH) to strengthen Malaysia’s competitiveness and attract treasury management activities.

IOIPG, CapitaLand Investment Submit Expression Of Interest To Buy One Raffles Place

KUALA LUMPUR, Oct 12 (Bernama) -- IOI Properties Group Bhd’s (IOIPG) wholly-owned subsidiary has jointly submitted an expression of interest with an investment entity managed by CapitaLand Investment Ltd (CLI) to acquire One Raffles Place, Singapore.

CPO Futures Close Mostly Higher On Stronger Export Estimates

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday, supported by stronger export demand reflected in the latest October cargo surveyor estimates, said a trader.

RM2,000 Minimum Wage Agreed Upon, MSMEs Given More Time – Johan

KUALA LUMPUR, Oct 12 (Bernama) -- The RM2,000 minimum wage under Budget 2027 has been agreed upon by the National Wage Consultative Council, which also comprises representatives of workers and employers.

Gold Futures End Lower, Tracking COMEX Losses

KUALA LUMPUR, Oct 12 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower on Monday, tracking losses on the US Commodity Exchange (COMEX).

IJM Corporation Bags RM1.23 Bln Construction Contract For AT&S Facilities In Kedah

KUALA LUMPUR, Oct 12 (Bernama) -- IJM Corporation Bhd’s wholly-owned subsidiary, IJM Construction Sdn Bhd, has accepted a letter of award from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd for a design and build contract worth about RM1.23 billion.