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.

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.

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.

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.

Ringgit Ends Marginally Lower Against US Dollar Ahead Of US Inflation Data

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.

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).

Budget 2027's 3.3 Pct Fiscal Deficit Target Achievable - Tengku Zafrul

By Karina Imran

KUALA LUMPUR, Oct 13 (Bernama) -- Malaysia is capable of achieving its fiscal deficit target of 3.3 per cent of gross domestic product (GDP) under Budget 2027, provided the assumptions underpinning the budget hold amid global economic and geopolitical uncertainties, said Tengku Datuk Seri Zafrul Abdul Aziz.