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Budget 2027: Govt Confident Of RM510 Bln Expenditure Without Introducing New Taxes -- Amir Hamzah

KUALA LUMPUR, Oct 12 (Bernama) -- The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Govt Yet To Designate Sabah Site For Low-altitude Economy Living Lab - MITI

KUALA LUMPUR, Oct 12 (Bernama) -- The government has yet to designate any location in Sabah as a living laboratory for the Low-Altitude Economy, as a comprehensive assessment is still required.

AlphaESS, DB Energy Partner For AI Data Centre Power Project In Perak

KUALA LUMPUR, Oct 12 (Bernama) -- Alpha ESS Malaysia Sdn Bhd (AlphaESS) has signed a memorandum of understanding (MoU) with DB Energy Sdn Bhd to collaborate on an integrated hybrid power supply system for an artificial intelligence (AI) data centre project in Bagan Datuk, Perak.

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.

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.

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.

Yuhang Zone Positions Itself As Smart Manufacturing Hub

KUALA LUMPUR, Oct 12 (Bernama) -- The fifth Global Digital Trade Expo was held in Hangzhou, east China’s Zhejiang Province, gathering over 2,000 global companies to showcase cutting-edge applications of artificial intelligence in digital trade.

Budget 2027: Tax Relief For Care Of Pets Includes Vaccination, Sterilisation

KUALA LUMPUR, Oct 12 (Bernama) -- The government proposes expanding the scope of individual income tax relief for lifestyle to include pet care expenses, such as vaccinations and sterilisation treatments by registered veterinary services.

BILTIR Conference Draws More Than 750 Global Insurance Leaders 

KUALA LUMPUR, Oct 12 (Bernama) -- More than 750 executives, regulators, policymakers and industry leaders from 15 countries attended the 2026 Bermuda International Life & Annuity Conference, organised by Bermuda International Long Term Insurers and Reinsurers (BILTIR) recently.

Corporate Malaysia Should Use Budget 2027 To Raise Investment, Productivity

KUALA LUMPUR, Oct 12 (Bernama) -- Corporate Malaysia should use the opportunities presented by Budget 2027 to step up investment, improve productivity and build more sustainable and internationally competitive businesses, said CGS International Securities Malaysia Sdn Bhd (CGS MY).

Nat Re Credit Ratings Affirmed, Outlook Stable – AM Best

KUALA LUMPUR, Oct 12 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re).

Chongqing Steps Up Efforts To Become International Consumption Hub

KUALA LUMPUR, Oct 12 (Bernama) -- Chongqing is accelerating its rise as an international consumption centre, drawing global visitors with its unique landscape, industrial strength and open, inclusive retail environment.