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.

Going Asset Management Recognised For Financial Technology Innovation

KUALA LUMPUR, Oct 12 (Bernama) -- Going International Asset Management Limited has received the Capital Excellence Fund Award at the Capital Merits of Achievement in Banking and Finance 2026 for its financial technology innovation, quantitative investment research and development capabilities, and fund performance.

Budget 2027 Effectiveness Depends On Prompt Aid Distribution, Government Coordination – Economist

KUALA LUMPUR, Oct 12 (Bernama) -- The effectiveness of implementing Budget 2027 depends on how promptly the government disburses aid and how well the federal government, state governments and local authorities coordinate their efforts to reduce the bureaucratic burden on businesses, said an economist.

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: MSME Income Tax Rate Proposed To Be Reduced By One Percentage Point

KUALA LUMPUR, Oct 12 (Bernama) -- The income tax rate for micro, small and medium enterprises (MSMEs) is proposed to be revised, including a one percentage point reduction for the two lowest taxable income bands, effective from the 2027 assessment year.

Budget 2027: Stamp Duty Remission For Mid-tier Companies' Financing Proposed

KUALA LUMPUR, Oct 12 (Bernama) -- Stamp duty remission exceeding RM10 has been proposed for second-tier agreements between mid-tier companies (MTCs) and financial institutions involving excess credit facilities extended to micro, small and medium enterprises (MSMEs), for the period from Jan 1, 2027 to Dec 31, 2030.

KLIA To Conduct Full-scale Emergency Exercise On Wednesday – MAHB

SEPANG, Oct 12 (Bernama) -- Kuala Lumpur International Airport (KLIA) will conduct a full-scale emergency exercise, Ex Perisai Panthera 2026, on Runway 2 on Oct 14.

Levoit Singapore Donates SG$18,000 To SPCA For Animal Welfare

KUALA LUMPUR, Oct 12 (Bernama) -- Levoit Singapore has secured an SG$18,000 donation for its “Home for Paws, Air for All” campaign, marking the conclusion of a three-month campaign, which ran from April to June 2026. (SG$1=RM3.18)