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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).

Genting Shares Hit Limit Down, Prompts IDSS Suspension

KUALA LUMPUR, Oct 12 (Bernama) -- Genting Bhd’s shares hit the limit down on Monday, prompting Bursa Malaysia to suspend the intraday short-selling (IDSS) of the stock for the rest of the day today.

Balance Fiscal Constraints With Development -- Akmal Nasrullah

KUALA LUMPUR, Oct 12 (Bernama) -- The government must balance fiscal constraints with the need to sustain national development and rakyat protection, said Economy Minister Akmal Nasrullah Mohd Nasir.

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.

EPMB, Hebei Shichang To Set Up RM100 Mln Facility To Make Proton Fuel Tanks

KUALA LUMPUR, Oct 12 (Bernama) -- EP Manufacturing Bhd (EPMB) has entered into a joint venture (JV) with Beijing-listed fuel systems company Hebei Shichang Auto Parts Co Ltd to set up a RM100 million manufacturing facility focused on advanced fuel tanks for Proton.

First-Home Buyers To Save On Stamp Duty With Threshold Raised To RM750,000 -- Juwai IQI

KUALA LUMPUR, Oct 12 (Bernama) -- Juwai IQI advised first-home buyers to wait until January 2027 to sign their sales and purchase agreement if the property they intend to buy is priced between RM500,000 and RM750,000.

SkyWorld To Benefit From Earnings Growth With Bukit Jalil Project -- HLIB

KUALA LUMPUR, Oct 12 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) is positive about Skyworld Development Bhd’s outlook, driven by major earnings inflection point.

Local Institutions Record Net Inflows Of RM99.9 Mln - MBSB IB

KUALA LUMPUR, Oct 12 (Bernama) -- Local institutions extended their net buying on Bursa Malaysia to three consecutive weeks, recording net inflows of RM99.9 million last week, according to MBSB Investment Bank Bhd (MBSB IB).

Bursa Malaysia Opens Higher On Positive Budget Sentiment, Wall Street Gains

KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia opened higher on Monday, buoyed by positive sentiment following Budget 2027 and overnight gains on Wall Street, where a rebound in technology stocks and easing oil prices offset weak US consumer sentiment.

Ringgit Opens Higher Vs US Dollar On Fiscal Discipline Pledge

KUALA LUMPUR, Oct 12 (Bernama) -- The ringgit opened higher against the US dollar on Monday, supported by the government’s commitment to fiscal discipline following the tabling of Budget 2027 last Friday.