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Govt Yet To Designate Sabah Site For Low-altitude Economy Living Lab - MITI

KUALA LUMPUR, Oct 12 (Bernama) -- The government has yet to designate any location in Sabah as a living laboratory for the Low-Altitude Economy, as a comprehensive assessment is still required.

AlphaESS, DB Energy Partner For AI Data Centre Power Project In Perak

KUALA LUMPUR, Oct 12 (Bernama) -- Alpha ESS Malaysia Sdn Bhd (AlphaESS) has signed a memorandum of understanding (MoU) with DB Energy Sdn Bhd to collaborate on an integrated hybrid power supply system for an artificial intelligence (AI) data centre project in Bagan Datuk, Perak.

iCents Group Secures Semiconductor Facility Project Worth RM36.15 Mln

KUALA LUMPUR, Oct 12 (Bernama) -- iCents Group Holdings Bhd has secured a two-stage semiconductor wafer processing facility project in Selangor with an aggregate potential contract value of RM36.15 million, excluding sales and service tax (SST).

RM2,000 Minimum Wage Agreed Upon, MSMEs Given More Time – Johan

KUALA LUMPUR, Oct 12 (Bernama) -- The RM2,000 minimum wage under Budget 2027 has been agreed upon by the National Wage Consultative Council, which also comprises representatives of workers and employers.

IJM Corporation Bags RM1.23 Bln Construction Contract For AT&S Facilities In Kedah

KUALA LUMPUR, Oct 12 (Bernama) -- IJM Corporation Bhd’s wholly-owned subsidiary, IJM Construction Sdn Bhd, has accepted a letter of award from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd for a design and build contract worth about RM1.23 billion.

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.

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.

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 Boosts Investor Confidence, Widens Economic Benefits - MIDA

KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 will provide long-term confidence for investors, strengthen the industrial ecosystem, and ensure that small and medium enterprises (SMEs) and the local workforce widely share the economic benefits, according to the Malaysian Investment Development Authority (MIDA).

Corporate Malaysia Should Use Budget 2027 To Raise Investment, Productivity

KUALA LUMPUR, Oct 12 (Bernama) -- Corporate Malaysia should use the opportunities presented by Budget 2027 to step up investment, improve productivity and build more sustainable and internationally competitive businesses, said CGS International Securities Malaysia Sdn Bhd (CGS MY).

MECD Implements Measures To Help KPF Resolve Members' Share Redemption Issue

KUALA LUMPUR, Oct 12 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (MECD) is implementing three strategic measures under the recovery plan for Koperasi Permodalan FELDA Malaysia Bhd (KPF) to improve the cooperative’s liquidity and resolve outstanding payments for members’ share redemptions.

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.