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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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.

Sconpo Strengthens Inter-agency Cooperation To Safeguard Malaysia's NPO Sector

LABUAN, Oct 12 (Bernama) --The Sub-Committee on Non-Profit Organisations (SCONPO) is strengthening inter-agency cooperation to enhance governance, safeguard public trust and protect Malaysia’s non-profit organisation (NPO) sector against terrorist financing risks.

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.

Kinergy Secures RM 47.5 Mln Data Centre Electrical Package Project

KUALA LUMPUR, Oct 12 (Bernama) -- Kinergy Advancement Bhd has secured a RM47.5 million subcontract job from Gamuda Engineering Sdn Bhd for a data centre (DC) electrical package.

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.

BPMB Entrusted With Over RM7 Bln For Strategic Initiatives Under Budget 2027

KUALA LUMPUR, Oct 12 (Bernama) -- Bank Pembangunan Malaysia Bhd (BPMB) has been entrusted by the government with more than RM7 billion earmarked for strategic initiatives across seven priority sectors under Budget 2027.

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.

Malaysia To Reduce Overdependence On Semiconductors, Diversify Economic Growth Sources

KUALA LUMPUR, Oct 12 (Bernama) -- The government will reduce Malaysia’s risk of overdependence on the semiconductor sector by diversifying the electrical and electronics (E&E) value chain and sources of economic growth, as well as by expanding export markets.

Abang Johari Unveils RM14.8 Bln Sarawak Budget For 2027 

KUCHING, Oct 12 (Bernama) -- The Sarawak state government has unveiled a RM14.84 billion budget for 2027, with the theme ‘Together Building Prosperity and Securing Our Futures’.

Balance Fiscal Constraints With Development -- Akmal Nasrullah

KUALA LUMPUR, Oct 12 (Bernama) -- The government must balance fiscal constraints with the need to sustain national development and rakyat protection, said Economy Minister Akmal Nasrullah Mohd Nasir.

Ringgit Opens Higher Vs US Dollar On Fiscal Discipline Pledge

KUALA LUMPUR, Oct 12 (Bernama) -- The ringgit opened higher against the US dollar on Monday, supported by the government’s commitment to fiscal discipline following the tabling of Budget 2027 last Friday.