LATEST NEWS   11-year-old boy dies from head injuries believed to have been caused by homemade ‘Ginsok’ firearm in Sook on Saturday - Keningau police chief | Police seize 42 air rifles, 456 boxes of pellets and arrest 50-year-old man in Sook raid - Keningau police chief | Haze: Johor to hold solat hajat (special prayers) at all mosques and surau from today until conditions improve - Exco | Haze: Schools under PPD of Hulu Langat, Petaling Perdana, Kuala Langat, Sepang, Kuantan and Rompin also to close tomorrow - Fadhlina | Haze: Schools in Johor, Melaka, Negeri Sembilan and Putrajaya to close tomorrow - Fadhlina | 

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Going Asset Management Bags Capital Excellence Fund Award

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 strategy research and development capabilities, and fund performance.

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).

DIC Expands Low-Solvent ECOVART Ink Rollout To Asia

KUALA LUMPUR, Oct 12 (Bernama) -- DIC Corporation will begin the global rollout of its ECOVART gravure ink, which requires significantly less solvent than conventional gravure inks, focusing on Japan, the People’s Republic of China (PRC) and Southeast Asia.

Malaysia’s Total Palm Oil Stocks Surge 24.54 Pct To 3.51 Million Tonnes In September

KUALA LUMPUR, Oct 12 (Bernama) -- Malaysia’s total palm oil stocks rose by 691,835 tonnes, or 24.54 per cent, to 3.51 million tonnes in September this year from 2.8 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).

Prosper Trading To Make RM6.10-A-Share Takeover Offer For United Malacca

KUALA LUMPUR, Oct 12 (Bernama) -- Prosper Trading Sdn Bhd (PTSB) and its joint ultimate offerors will make a conditional mandatory take-over offer for the remaining 52.34 per cent stake in United Malacca Bhd (UMB) at RM6.10 per share to fulfil an outstanding takeover obligation dating back to September 2024.

Steel Price Index Rises 0.1 Pct To 5.1 Pct In September - DOSM

PUTRAJAYA, Oct 12 (Bernama) -- The unit price index for steel rose by 0.1-5.1 per cent in most areas in Peninsular Malaysia, Sabah and Sarawak between September 2025 and September 2026, according to the Department of Statistics Malaysia (DOSM).

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.

EPF Introduces Simpanan Shariah Business Zakat Facility

KUALA LUMPUR, Oct 12 (Bernama) -- The Employees Provident Fund (EPF) today introduced Simpanan Shariah Business Zakat, a new facility that enables Muslim members to fulfil their zakat obligations on their Simpanan Shariah savings conveniently.

EU Backs Malaysia’s Push To Move Up Semiconductor Value Chain Via Global Gateway

By Harizah Hanim Mohamed

KUALA LUMPUR, Oct 12 (Bernama) -- The European Union (EU) recognises Malaysia’s ambition to move further up the semiconductor value chain, with its Global Gateway investment initiative and the proposed Malaysia-EU Free Trade Agreement (MEUFTA) offering opportunities to strengthen economic cooperation between the two sides.

GSH Tax Incentives To Boost Johor's Appeal As Regional Business Hub – IIB

KUALA LUMPUR, Oct 12 (Bernama) -- The enhanced Global Services Hub (GSH) tax incentives under Budget 2027, including the five per cent tax rate on qualifying income for eligible new companies, are expected to strengthen Johor’s appeal as a regional business hub, said Iskandar Investment Bhd (IIB).

FBM KLCI Remains Higher At Midday On Bargain Hunting, Budget 2027 Optimism

KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia’s key index stayed higher at midday, supported by selective bargain hunting and optimism surrounding Budget 2027, and in line with the rebound on Wall Street.