Bursa Malaysia Opens Lower As Geopolitical Risks, Oil Prices Weigh On Sentiment

KUALA LUMPUR, Oct 13 (Bernama) -- Bursa Malaysia retreated to open lower on Tuesday, tracking Wall Street’s mixed performance overnight as persistent geopolitical uncertainties and rebounding oil prices weighed on market sentiment.

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.

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).

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.

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.

Govt Extends Tax Incentive For Angel Investors

KUALA LUMPUR, Oct 12 (Bernama) -- The government has proposed to extend tax incentives for angel investors by four years to attract more investors to provide capital funding to technology start-up companies at the pre-seed and seed stages.

Budget 2027 Balances Rakyat’s Needs With Fiscal Discipline - Economist

KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 balances addressing the rakyat’s needs with fiscal discipline, but structural reforms are still needed to strengthen Malaysia’s long-term fiscal position, said economists.

Income Tax Deduction Proposed For Sukuk Prisma Issuance Costs

KUALA LUMPUR, Oct 12 (Bernama) -- Income tax deductions are proposed for the issuance cost of Sukuk Prisma approved or authorised by the Securities Commission Malaysia (SC) or lodged with SC for the assessment years 2027 to 2030.

Yuhang Zone Positions Itself As Smart Manufacturing Hub

KUALA LUMPUR, Oct 12 (Bernama) -- The fifth Global Digital Trade Expo was held in Hangzhou, east China’s Zhejiang Province, gathering over 2,000 global companies to showcase cutting-edge applications of artificial intelligence in digital trade.