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Govt Retains SST, GST Not An Option Amid High Cost Of Living - Amir Hamzah

KUALA LUMPUR, Oct 29 (Bernama) -- The federal government will continue to implement the Sales and Service Tax (SST), as the Goods and Services Tax (GST) will not be considered due to the ongoing burden of the cost of living.

EIG, Acwa Form US$4 Bln US Power Partnership

KUALA LUMPUR, Oct 29 (Bernama) -- Energy and infrastructure investor EIG and Saudi-listed power producer Acwa have signed definitive agreements to establish Plenum Power, a strategic partnership targeting investments in the United States (US) power sector with an initial equity commitment of about US$4 billion. (US$1 = RM4.07)

European Deep-Tech Firms Seek Singapore Investors At Innovation Night

KUALA LUMPUR, Oct 29 (Bernama) -- More than 150 investors, corporate leaders, policymakers and innovators met European deep-tech companies at the European Innovation Night in Singapore on Oct 28, an event aimed at building business and investment partnerships between Europe and Singapore.

41,334 Small Palm Oil Farmers Under TSPKS 2.0 - KPK

KUALA LUMPUR, Oct 29 (Bernama) -- An estimated 41,334 smallholder oil palm farmers covering 105,172.67 hectares have been identified as being under the Oil Palm Smallholder Replanting Financing Incentive Scheme 2.0 (TSPKS 2.0), according to the Ministry of Plantation and Commodities (KPK).

Tencent Cloud Optimises Computing Costs, Expands Local Offerings To Accelerate AI Adoption

From Harizah Hanim Mohamed

SHENZHEN, Oct 29 (Bernama) -- Tencent Cloud International is optimising its hardware and software architecture to provide more cost-effective computing and artificial intelligence (AI) inference amid growing demand for computing and storage, while offering products suited to local markets to accelerate adoption.

Pahang's RM850 Mln Chereh Dam Solar Project To Create 1,500 Jobs

KUANTAN, Oct 29 (Bernama) -- A RM850 million floating solar photovoltaic (PV) project at Chereh Dam in Pahang is expected to create about 1,500 jobs and generate clean electricity equivalent to the annual consumption of 100,000 households.

Govt Confident 2026 GDP Growth Will Exceed 5 Pct, Strong Economy To Benefit The People - Amir Hamzah

KUALA LUMPUR, Oct 29 (Bernama) -- The government is confident that economic growth will exceed 5.0 per cent this year, marking the third consecutive year of growth above 5.0 per cent under the MADANI Government, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Upfront Financing Needed To Support Malaysia’s Green Steel Transition - Think Tank

KUALA LUMPUR, Oct 29 (Bernama) -- Upfront financing support is needed to help Malaysia’s iron and steel producers fund capital-intensive investments and transition to green steel production, said the Socio-Economic Research Centre (SERC).

Main Market-Bound Big Caring Aims To Raise RM637.8 Mln From IPO

KUALA LUMPUR, Oct 29 (Bernama) -- Retail pharmacy chain Big Caring Group Bhd (BCG) aims to raise RM637.8 million through its initial public offering (IPO), en route to its listing on Bursa Malaysia’s Main Market.

State Sales Tax, Logistics Costs The Main Factors In FFB Purchase Price Differences Between Sabah And Peninsula

KUALA LUMPUR, Oct 29 (Bernama) — The imposition of State Sales Tax (SST) as well as logistics and transportation costs are the main factors behind the difference in the purchase price of fresh fruit bunches (FFB) between Sabah and the peninsula, said Deputy Plantation and Commodities Minister Datuk Seri Huang Tiong Sii.

Estek Invests Rm20 Mln In New Batu Kawan Manufacturing Facility

BATU KAWAN, Oct 29 (Bernama) -- Estek Automation Sdn Bhd has invested RM20 million in a new 50,000-square-foot manufacturing facility in Batu Kawan, Penang, to expand its capabilities in semiconductor equipment, artificial intelligence (AI)-driven solutions and contract manufacturing.

YYForce Targets US$20 Mln Malaysian Revenue In FY2027

KUALA LUMPUR, Oct 29 (Bernama) -- YYForce Inc (YYForce) is targeting US$20 million in revenue from its Malaysian operations in its 2027 financial year (FY2027), after signing new hospitality contracts and expanding its service robot deployments in the country. (US$1 = RM4.07)