Govt Settles RM17.15 Bln In Excess Tax Refunds As Of Sept 30

KUALA LUMPUR, Oct 13 (Bernama) -- The government has settled tax overpayment refunds amounting to RM17.15 billion, involving 3.23 million taxpayer cases, for the period up to Sept 30, 2026.

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.

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.

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.

Labuan Chamber Seeks Targeted Tax Relief, Clearer Policies After Budget 2027

By Jailani Hasan

LABUAN, Oct 13 (Bernama) -- The Labuan Chamber of Commerce has called for targeted tax relief and clearer policies to address the island’s business challenges following the announcement of Budget 2027, particularly those affecting local producers and small and medium enterprises (SMEs).

HIS TIZA To Buy 30 Pct Stake In Mentiga For RM21 Mln

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).

RedPlanet’s IPO Public Portion Oversubscribed 85.28 Times

KUALA LUMPUR, Oct 13 (Bernama) -- The Malaysian public portion of RedPlanet Bhd’s initial public offering (IPO) has been oversubscribed by 85.28 times, with 7,031 applications for 1.77 billion shares worth approximately RM336.72 million received.

Investment Education, Awareness Key To Preventing Scams – Bursa Malaysia CEO

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.

Rubber Market Ends Mixed Tracking Regional Rubber Futures

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 13 (Bernama) -- The Kuala Lumpur rubber market ended mixed today, tracking regional rubber futures amid lower benchmark crude oil prices.

NovaAir Targets Above 90 Pct Capacity Utilisation At KL Plant Within Two Years

KUALA LUMPUR, Oct 13 (Bernama) -- Yingde Gases Group Co Ltd's unit NovaAir Industrial Gases Sdn Bhd aims to raise the Kuala Lumpur plant’s capacity utilisation to above 90 per cent within two years. 

J&T Express, Asia Aero Network Extend Air Cargo Partnership To 2030

KUALA LUMPUR, Oct 13 (Bernama) -- J&T Express Malaysia and Asia Aero Network have extended their air cargo charter partnership until 2030 under an agreement signed today.