Malaysia Targets Fiscal Deficit Below 3 Pct Within Two Years – Amir Hamzah

By Kenny Teng Khoon Hock

BANGKOK, Oct 13 (Bernama) -- Malaysia aims to reduce its fiscal deficit to below three per cent of gross domestic product (GDP) within the next two years through fiscal consolidation, targeted subsidy reforms and stronger private-sector participation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Sime Darby To Appeal RM150.18 Mln Tax Assessments

KUALA LUMPUR, Oct 13 (Bernama) -- Sime Darby Bhd said its wholly owned subsidiary, Sime Darby Holdings Bhd (SDHB), will appeal against tax assessments totalling RM150.18 million, including penalties, issued by the Inland Revenue Board (IRB) for the years of assessment 2017 to 2023.

Gold Futures End Higher, Tracking COMEX Gains

KUALA LUMPUR, Oct 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher on Tuesday, tracking gains on the US Commodity Exchange (COMEX).

Binasat Proposes Private Placement Of Up To 60.43 Mln Shares

KUALA LUMPUR, Oct 13 (Bernama) -- Telecommunications engineering solutions provider Binasat Communications Bhd has proposed a private placement of up to 60.43 million new shares, representing up to 10 per cent of its total issued shares, to third-party investors to raise funds.

Jati Tinggi Says Business Operations Remain On Track, No Material Change

KUALA LUMPUR, Oct 13 (Bernama) -- Jati Tinggi Group Bhd (JTGroup) said its business operations remain on track, and emphasised that there has been no material change to its business operations or ongoing project execution arising from the recent market volatility.

Lianson Fleet Unit Acquires Bulk Carrier For RM93.9 Mln

KUALA LUMPUR, Oct 13 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) wholly owned subsidiary, LFG Cengal Ltd, has acquired a bulk carrier, named LFG Cengal, for a total cash consideration of US$23 million (RM93.9 million) from an unrelated third party.

Over A Third Of Singapore Workers Unsure Of CEO Deepfakes

KUALA LUMPUR, Oct 13 (Bernama) -- KnowBe4, a digital workforce security company, has found that more than a third (36 per cent) of Singapore office workers are not confident they could distinguish a genuine message from their chief executive officer (CEO) from one generated using artificial intelligence (AI), including voice cloning and deepfake technology.

KLCI Futures End Higher, Tracking Underlying Cash Market

KUALA LUMPUR, Oct 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed higher on Tuesday, tracking the underlying cash market’s performance.

Private Sector Must Play Active Role If F1 Returns To Malaysia - Tengku Zafrul

By Karina Imran

KUALA LUMPUR, Oct 13 (Bernama) -- The private sector must play an active role to ensure Malaysia gained positive economic spillovers from hosting Formula One (F1) races should the country decide to bring back the prestigious motorsport event, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.

23rd China-ASEAN Expo Attracts 3,432 Enterprises From 73 Countries

KUALA LUMPUR, Oct 13 (Bernama) -- The five-day 23rd China-ASEAN Expo (CAEXPO) concluded in Nanning, Guangxi Zhuang Autonomous Region, attracting 3,432 enterprises from 73 countries and regions to an exhibition spanning 170,000 square metres.

Kioxia Adds Direct Liquid Cooling Models To Enterprise SSDs

KUALA LUMPUR, Oct 13 (Bernama) -- Kioxia Corporation has added direct liquid cooling (DLC) models to its KIOXIA CM9 Series enterprise solid-state drive (SSD) lineup to support cold-plate-enabled server designs.

Bumiputera Companies Must Evolve From Suppliers To Technology Owners, Industry Leaders – Mohd Shahar

KUALA LUMPUR, Oct 13 (Bernama) -- Bumiputera companies need to evolve from suppliers to strategic partners, technology owners and industry leaders.