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.

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.

Budget 2027 Boosts Investor Confidence, Widens Economic Benefits - MIDA

KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 will provide long-term confidence for investors, strengthen the industrial ecosystem, and ensure that small and medium enterprises (SMEs) and the local workforce widely share the economic benefits, according to the Malaysian Investment Development Authority (MIDA).

Batik Air Cancels Oct 12 KL-Jeddah Flight

KUALA LUMPUR, Oct 12 (Bernama) -- Batik Air has cancelled its scheduled flight from Kuala Lumpur International Airport (KLIA) to Jeddah, Saudi Arabia, today as a precautionary measure amid the ongoing conflict.

BBC Calls For More Structured JS-SEZ Economic Spillover Plan

KUALA LUMPUR, Oct 12 (Bernama) -- The MADANI Government Backbenchers Club (BBC) has proposed that the Economy Ministry and the Ministry of Investment, Trade and Industry (MITI) consider a more structured economic spillover plan for the Johor-Singapore Special Economic Zone (JS-SEZ).

MATRADE Welcomes Budget 2027, RM60 Mln Allocation To Strengthen MSME Exports

KUALA LUMPUR, Oct 12 (Bernama) -- The RM60 million allocation made by the government under Budget 2027 to the Malaysian External Trade Development Corporation (MATRADE) can help to build the capability of local companies to penetrate and diversify into export markets.

MECD Implements Measures To Help KPF Resolve Members' Share Redemption Issue

KUALA LUMPUR, Oct 12 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (MECD) is implementing three strategic measures under the recovery plan for Koperasi Permodalan FELDA Malaysia Bhd (KPF) to improve the cooperative’s liquidity and resolve outstanding payments for members’ share redemptions.

Malaysia's F1 Ambition Requires More Than A Place On The Calendar

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 12 (Bernama) -- On qualifying day at the Singapore Grand Prix on Oct 9, I took the MRT for one stop from Nicoll Highway to Promenade to reach Gate 2, shortening my journey to the Porsche ARbox Carrera Cup Asia support paddock to meet Malaysian driver Naquib Azlan.

e-Commerce Bill Can Promote Consistent Standards Across Industry - Lazada

KUALA LUMPUR, Oct 12 (Bernama) -- The new E-Commerce Bill, to be tabled in the next parliamentary sitting, can offer an opportunity to strengthen consistent standards across the industry, according to Lazada Malaysia.

Tax Exemption Extension To Attract Shipping Firms To Malaysia -- Loke

PUTRAJAYA, 12 Okt (Bernama) -- A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said.

Government Committed To Gradually Reducing Fiscal Deficit – Treasury Sec-Gen

PUTRAJAYA, Oct 12 (Bernama) -- The government is committed to gradually reducing the fiscal deficit to three per cent in the medium term to ensure the country's financial position remains sustainable, with a target to reduce the deficit to 3.3 per cent of gross domestic product (GDP) by 2027.