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.

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’.

Malaysia's Natural Rubber Output Rises 9.6 Pct In August

KUALA LUMPUR, Oct 12 (Bernama) -- Malaysia's natural rubber (NR) production increased by 9.6 per cent to 29,510 tonnes in August 2026 from 26,926 tonnes in July 2026, according to the Department of Statistics Malaysia (DOSM).

Genting Shares Hit Limit Down, Prompts IDSS Suspension

KUALA LUMPUR, Oct 12 (Bernama) -- Genting Bhd’s shares hit the limit down on Monday, prompting Bursa Malaysia to suspend the intraday short-selling (IDSS) of the stock for the rest of the day today.

EPMB, Hebei Shichang To Set Up RM100 Mln Facility To Make Proton Fuel Tanks

KUALA LUMPUR, Oct 12 (Bernama) -- EP Manufacturing Bhd (EPMB) has entered into a joint venture (JV) with Beijing-listed fuel systems company Hebei Shichang Auto Parts Co Ltd to set up a RM100 million manufacturing facility focused on advanced fuel tanks for Proton.

First-Home Buyers To Save On Stamp Duty With Threshold Raised To RM750,000 -- Juwai IQI

KUALA LUMPUR, Oct 12 (Bernama) -- Juwai IQI advised first-home buyers to wait until January 2027 to sign their sales and purchase agreement if the property they intend to buy is priced between RM500,000 and RM750,000.

Bursa Malaysia Opens Higher On Positive Budget Sentiment, Wall Street Gains

KUALA LUMPUR, Oct 12 (Bernama) -- Bursa Malaysia opened higher on Monday, buoyed by positive sentiment following Budget 2027 and overnight gains on Wall Street, where a rebound in technology stocks and easing oil prices offset weak US consumer sentiment.