IOI Corp Sees No Major EUDR Compliance Challenge, Expects Premium For European Sales

PUTRAJAYA, Nov 4 (Bernama) -- Compliance with the European Union Deforestation Regulation (EUDR) is unlikely to pose a major challenge to IOI Corporation Bhd, given its established experience in supplying certified palm oil products, said its group managing director and chief executive officer Datuk Lee Yeow Chor.

Malaysia To Expand Local Currency Use Through BRICS Cooperation - MoF

KUALA LUMPUR, Nov 3 (Bernama) -- Malaysia aims to enhance the use of local currencies in cross-border trade and investment transactions through BRICS cooperation, thereby reducing transaction costs and foreign exchange risks.

Non-bank Financial Institutions Not Under SC’s Regulatory Framework - MOF

KUALA LUMPUR, Nov 3 (Bernama) -- Non-bank financial institutions (NBFIs) do not fall under the regulatory framework of the Securities Commission Malaysia (SC), the Ministry of Finance (MOF) said.

US Leverage Foreign Assistance To Support Malaysia’s AI Adoption Under AI Spark -- Envoy

KUALA LUMPUR, Nov 3 (Bernama) -- The United States (US) is leveraging its foreign assistance to support Malaysia’s adoption of American artificial intelligence (AI) under a new initiative, US-ASEAN AI SPARK, aimed at strengthening technology cooperation and accelerating the country’s digital economy ambitions.

LHDN Audits 408,726 Cases, Discovers RM7.7 Bln In Additional Assessments

CYBERJAYA, Nov 3 (Bernama) -- The Inland Revenue Board of Malaysia (LHDN) has audited and investigated a total of 408,726 cases throughout this year, resulting in additional tax assessments amounting to about RM7.7 billion.

Trg Inc seeks Strategic Partner To Redevelop Tasik Kenyir Theme Park

KUALA TERENGGANU, Nov 3 (Bernama) -- Terengganu Incorporated Sdn Bhd (Trg Inc) is seeking a strategic partner to redevelop the water theme park on Pulau Poh, Tasik Kenyir, in Hulu Terengganu

Negeri Sembilan's Land Revenue Collection Hits RM404.04 Mln As Of September - MB

SEREMBAN, Nov 3 (Bernama) -- Negeri Sembilan’s land revenue collection increased by RM60.36 million to RM404.04 million as at Sept 30, compared with RM343.68 million recorded in the corresponding period last year.

2.14 Bln E-invoices Submitted As Of Nov 2, Implementation To Uphold Fairness - PM Anwar

CYBERJAYA, Nov 3 (Bernama) – As of Nov 2, about 269,900 taxpayers submitted a total of 2.14 billion e-invoices, Prime Minister Datuk Seri Anwar Ibrahim said.

Boycott Calls Not Solution To Haze Issue -- MPOB

KUALA LUMPUR, Nov 3 (Bernama) -- Calls to boycott palm oil-based products over the transboundary haze issue will not be an accurate or effective approach to tackling air pollution, said the Malaysian Palm Oil Board (MPOB). 

ASEAN DEFA To Open New Market Opportunities For Malaysian Companies

KUALA LUMPUR, Nov 3 (Bernama) -- The ASEAN Digital Economy Framework Agreement (DEFA), slated for signing this November, will offer Malaysian companies strong opportunities to sell and export their products across the 690 million-person ASEAN market.

FIHB Subsidiary Secures RM46.96 Mln Structural Works Contract

KUALA LUMPUR, Nov 2 (Bernama) -- Federal International Holdings Bhd’s (FIHB) wholly-owned subsidiary, Federal Builders Industries Sdn Bhd, has secured a RM46.96 million contract from Perumahan Masteron Sdn Bhd.

MATRADE Expects Malaysia's Trade Surplus To Grow By 20 Pct This Year

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 2 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) expects the country's trade surplus to grow by at least 15 to 20 per cent this year, compared with RM156.83 billion last year, said its chief executive officer Datuk Indera Abu Bakar Yusof.