By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Oct 14 (Bernama) -- Malaysia is targeting RM700 million in venture capital (VC) investments and an estimated 2,000 to 3,500 additional active startup companies by 2030 through the KL20 initiative, said Minister of Economy Akmal Nasrullah Mohd Nasir.
KUALA LUMPUR, Oct 14 (Bernama) -- The government aims to draft new legislation or amend related laws to address rent-seeking, or “Alibaba” practices, and will aim to table the bill in Parliament in 2027, said Economy Minister Akmal Nasrullah Mohd Nasir.
By Muhammad Fawwaz Thaqif Nor Afandi and Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Oct 14 (Bernama) -- The ringgit opened marginally higher against the US dollar on Wednesday, supported by a weaker US Dollar Index (DXY) as investors reassessed the outlook for US interest rates following signals that the Federal Reserve may adopt a less aggressive monetary policy stance.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Oct 13 (Bernama) -- The government has allocated RM21.26 billion in development expenditure to six underdeveloped states under Budget 2027, with the distribution taking into account the different needs of each state, said Economy Minister Akmal Nasrullah Mohd Nasir.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Oct 13 (Bernama) -- The adoption of technology and business scaling can boost company productivity and enhance the ability to share the gains of growth with employees through wage increases, said Economy Minister Akmal Nasrullah Mohd Nasir.
KUALA LUMPUR, Oct 13 (Bernama) -- Bumiputera companies need to evolve from suppliers to strategic partners, technology owners and industry leaders.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Oct 13 (Bernama) -- The ringgit closed slightly lower against the US dollar on Tuesday as investors remained cautious ahead of the United States inflation data due tomorrow, an analyst said.
KUALA LUMPUR, Oct 13 (Bernama) -- HIS TIZA Pahang Sdn Bhd (HTP) is acquiring a 30 per cent stake in Pahang-based plantation group Mentiga Corporation Bhd for RM21 million in cash from its largest shareholder, Amanah Saham Pahang Bhd (ASPA).
ALOR SETAR, Oct 13 (Bernama) -- Financial literacy and investment awareness need to be strengthened to ensure that Malaysians are capable of making sound financial decisions and avoid becoming victims of increasingly sophisticated online investment scams.
KUALA LUMPUR, Oct 13 (Bernama) -- The Federation of Investment Managers Malaysia (FIMM) recently reprimanded two former Unit Trust Scheme (UTS) consultants for their misconducts/breaches of FIMM’s Code of Ethics.
KUALA LUMPUR, Oct 13 (Bernama) -- The government will continue to strengthen efforts to stabilise the prices of essential goods to address concerns over rising living costs following the implementation of the RM2,000 minimum wage effective June 2027.
By Muhammaf Fawwaz Thaqif Nor Afandi and Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Oct 13 (Bernama) -- The ringgit edged higher against the US dollar at the opening, buoyed by optimism surrounding Budget 2027.
