Budget 2027: Labuan SME Association Seeks Tax Relief For Local Businesses

LABUAN, Oct 2 (Bernama) -- The Small and Medium Enterprises (SME) Association of Labuan has called for the service tax exemption under Section 48 of the Service Tax Act 2018 to be applied to services performed entirely in Labuan under Budget 2027.

Malaysia Still Far From Target Of 3,000 Smart Factories By 2030 - Sim

GEORGE TOWN, Oct 2 (Bernama) -- Malaysia is still far from achieving its target of transforming 3,000 manufacturers into smart factories by 2030, with only 93 having successfully completed the transformation so far.

Malaysia, Singapore Explore Third-country Investment In JS-SEZ

KUALA LUMPUR, Oct 1 (Bernama) -- Malaysia and Singapore are exploring ways to attract third-country investors to the Johor-Singapore Special Economic Zone (JS-SEZ), further strengthening the zone as a regional investment and export hub.

UMS To Save More Than RM57 Mln In Electricity Costs Through Solar Project

KOTA KINABALU, Sept 30 (Bernama) -- Universiti Malaysia Sabah (UMS) is expected to save more than RM57 million in electricity costs through its solar energy project.

KPMG Malaysia Calls For Targeted Input Tax Credit, Timely Refunds If GST Features Added To SST

By Niam Seet Wei

KUALA LUMPUR, Sept 30 (Bernama) -- A targeted input tax credit mechanism for business-to-business transactions should be considered if selected goods and services tax (GST) features are incorporated into the sales and service tax (SST) framework, said KPMG Malaysia.

Proton: Long-Term Auto Policy, Comprehensive Vehicle Renewal Framework Needed In Budget 2027

KUALA LUMPUR, Sept 30 (Bernama) -- Proton Holdings Bhd is calling for a long-term and technology-inclusive automotive policy in Budget 2027 to support the industry’s transition towards electrified vehicles (xEVs).

ECRL Extension, Pinglu Canal Set To Enhance Regional Land-sea Connectivity

KUALA LUMPUR, Sept 29 (Bernama) -- The proposed extension of the East Coast Rail Link (ECRL) to Rantau Panjang, Kelantan, will create new opportunities for Malaysia to strengthen regional connectivity, particularly following the opening of China's Pinglu Canal, said Transport Minister Anthony Loke Siew Fook.

MOT Seeks Tax Incentives To Encourage Local Shipbuilding, Vessel Repairs

KUALA LUMPUR, Sept 29 (Bernama) -- The Transport Ministry (MOT) has proposed tax incentives under Budget 2027 to encourage more Malaysian vessels to be built and repaired locally, said Transport Minister Anthony Loke Siew Fook.

Tioman Tourism Operators Seek Better Transport, Infrastructure In Budget 2027

ROMPIN, Sept 28 (Bernama) -- Tourism operators on Tioman Island hope Budget 2027 will strengthen the island’s economy and tourism industry through improved transport access and basic infrastructure to support local growth.

Budget 2027: Perak Hopes For Funding For Water Transfer Project, School Infrastructure

IPOH, Sept 28 (Bernama) -- The Perak government hopes Budget 2027 will give due consideration to its request for funding for a water transfer project from the Perak River to Bukit Merah Lake, so that it can be implemented by next year.

BPMB Calls For Targeted Financing, MSME Support In Budget 2027

By Karina Imran

KUALA LUMPUR, Sept 28 (Bernama) -- Bank Pembangunan Malaysia Bhd Group (BPMB Group) has called for Budget 2027 to prioritise targeted measures that improve access to working capital and provide repayment flexibility for viable businesses affected by geopolitical developments and rising costs. 

Budget 2027: MAA Proposes Personal Income Tax Rebate To Boost xEV Adoption, Vehicle Scrapping

KUALA LUMPUR, Sept 28 (Bernama) -- The Malaysian Automotive Association (MAA) is proposing that the government provide a personal income tax rebate for the purchase of electrified vehicles (xEVs) and voluntarily scrapping of old vehicles in the 2027 Budget.