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Tax Exemption Extension To Attract Shipping Firms To Malaysia -- Loke

PUTRAJAYA, 12 Okt (Bernama) -- A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said.

Government Committed To Gradually Reducing Fiscal Deficit – Treasury Sec-Gen

PUTRAJAYA, Oct 12 (Bernama) -- The government is committed to gradually reducing the fiscal deficit to three per cent in the medium term to ensure the country's financial position remains sustainable, with a target to reduce the deficit to 3.3 per cent of gross domestic product (GDP) by 2027.

Sconpo Strengthens Inter-agency Cooperation To Safeguard Malaysia's NPO Sector

LABUAN, Oct 12 (Bernama) --The Sub-Committee on Non-Profit Organisations (SCONPO) is strengthening inter-agency cooperation to enhance governance, safeguard public trust and protect Malaysia’s non-profit organisation (NPO) sector against terrorist financing risks.

EPF Introduces Simpanan Shariah Business Zakat Facility

KUALA LUMPUR, Oct 12 (Bernama) -- The Employees Provident Fund (EPF) today introduced Simpanan Shariah Business Zakat, a new facility that enables Muslim members to fulfil their zakat obligations on their Simpanan Shariah savings conveniently.

Kinergy Secures RM 47.5 Mln Data Centre Electrical Package Project

KUALA LUMPUR, Oct 12 (Bernama) -- Kinergy Advancement Bhd has secured a RM47.5 million subcontract job from Gamuda Engineering Sdn Bhd for a data centre (DC) electrical package.

EU Backs Malaysia’s Push To Move Up Semiconductor Value Chain Via Global Gateway

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 12 (Bernama) -- The European Union (EU) recognises Malaysia’s ambition to move further up the semiconductor value chain, with its Global Gateway investment initiative and the proposed Malaysia-EU Free Trade Agreement (MEUFTA) offering opportunities to strengthen economic cooperation between the two sides.

GSH Tax Incentives To Boost Johor's Appeal As Regional Business Hub – IIB

KUALA LUMPUR, Oct 12 (Bernama) -- The enhanced Global Services Hub (GSH) tax incentives under Budget 2027, including the five per cent tax rate on qualifying income for eligible new companies, are expected to strengthen Johor’s appeal as a regional business hub, said Iskandar Investment Bhd (IIB).

FBM KLCI Remains Higher At Midday On Bargain Hunting, Budget 2027 Optimism

KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia’s key index stayed higher at midday, supported by selective bargain hunting and optimism surrounding Budget 2027, and in line with the rebound on Wall Street.

Malaysia To Reduce Overdependence On Semiconductors, Diversify Economic Growth Sources

KUALA LUMPUR, Oct 12 (Bernama) -- The government will reduce Malaysia’s risk of overdependence on the semiconductor sector by diversifying the electrical and electronics (E&E) value chain and sources of economic growth, as well as by expanding export markets.

Abang Johari Unveils RM14.8 Bln Sarawak Budget For 2027 

KUCHING, Oct 12 (Bernama) -- The Sarawak state government has unveiled a RM14.84 billion budget for 2027, with the theme ‘Together Building Prosperity and Securing Our Futures’.

Malaysia's Natural Rubber Output Rises 9.6 Pct In August

KUALA LUMPUR, Oct 12 (Bernama) -- Malaysia's natural rubber (NR) production increased by 9.6 per cent to 29,510 tonnes in August 2026 from 26,926 tonnes in July 2026, according to the Department of Statistics Malaysia (DOSM).

Bursa Malaysia Stays Higher, With Focus On Technology, Energy Stocks

KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia remained in positive territory at mid-morning on Monday, as Budget 2027 remains neutral to mildly positive for Malaysian equities, with selective beneficiaries in technology and energy.