MOF Proposes Global Services Hub Tax Incentive Review To Boost Competitiveness

KUALA LUMPUR, Oct 12 (Bernama) --The Ministry of Finance (MoF) has proposed revising the tax incentives for the Global Services Hub (GSH) to strengthen Malaysia’s competitiveness and attract treasury management activities.

IOIPG, CapitaLand Investment Submit Expression Of Interest To Buy One Raffles Place

KUALA LUMPUR, Oct 12 (Bernama) -- IOI Properties Group Bhd’s (IOIPG) wholly-owned subsidiary has jointly submitted an expression of interest with an investment entity managed by CapitaLand Investment Ltd (CLI) to acquire One Raffles Place, Singapore.

CPO Futures Close Mostly Higher On Stronger Export Estimates

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday, supported by stronger export demand reflected in the latest October cargo surveyor estimates, said a trader.

RM2,000 Minimum Wage Agreed Upon, MSMEs Given More Time – Johan

KUALA LUMPUR, Oct 12 (Bernama) -- The RM2,000 minimum wage under Budget 2027 has been agreed upon by the National Wage Consultative Council, which also comprises representatives of workers and employers.

Gold Futures End Lower, Tracking COMEX Losses

KUALA LUMPUR, Oct 12 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower on Monday, tracking losses on the US Commodity Exchange (COMEX).

IJM Corporation Bags RM1.23 Bln Construction Contract For AT&S Facilities In Kedah

KUALA LUMPUR, Oct 12 (Bernama) -- IJM Corporation Bhd’s wholly-owned subsidiary, IJM Construction Sdn Bhd, has accepted a letter of award from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd for a design and build contract worth about RM1.23 billion.

Govt Extends Tax Incentive For Angel Investors

KUALA LUMPUR, Oct 12 (Bernama) -- The government has proposed to extend tax incentives for angel investors by four years to attract more investors to provide capital funding to technology start-up companies at the pre-seed and seed stages.

Ringgit Up Against US Dollar, Other Major Currencies On Positive Budget 2027 Sentiment

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 12 (Bernama) -- The ringgit closed higher against the US dollar and other major currencies on Monday, supported by positive market sentiment following the Budget 2027 announcement last week, an analyst said.

Budget 2027 Balances Rakyat’s Needs With Fiscal Discipline - Economist

KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 balances addressing the rakyat’s needs with fiscal discipline, but structural reforms are still needed to strengthen Malaysia’s long-term fiscal position, said economists.

Govt Working Closely With Energy Commission, TNB To Review Electricity Subsidies For 2027 - Johan

KUALA LUMPUR, Oct 12 (Bernama) --The government is working closely with the Energy Commission (EC) and Tenaga Nasional Bhd (TNB) to review the way forward for electricity subsidies next year, as the current 800 kilowatt-hours (kWh) monthly consumption threshold is set to expire in December 2026.

Bursa Malaysia Extends Gains As Banking Stocks Rally On Budget 2027 Measures

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia continued last week’s positive performance, led by bargain hunting in banking stocks as Budget 2027 offered additional support through measures targeting small and medium enterprises (SMEs) lending, housing financing and investment-driven credit growth.

Income Tax Deduction Proposed For Sukuk Prisma Issuance Costs

KUALA LUMPUR, Oct 12 (Bernama) -- Income tax deductions are proposed for the issuance cost of Sukuk Prisma approved or authorised by the Securities Commission Malaysia (SC) or lodged with SC for the assessment years 2027 to 2030.