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.

Bursa Malaysia Lower At Midday Amid Selling In Banking Stocks

KUALA LUMPUR, Sept 29 (Bernama) -- Bursa Malaysia remained lower at midday, weighed down by selling in selected heavyweights particularly banking stocks, in line with the softer Wall Street performance.

Malaysia Eyes Six In Ten EPF Members To Hit Basic Savings Benchmark Of RM390,000 By 2030 - PM Anwar

KUALA LUMPUR, Sept 29 (Bernama) -- Malaysia aims to have six in 10 Employees Provident Fund (EPF) members on track to reach the ‘Basic Savings’ benchmark of RM390,000 by age 60 by 2030 under the Retirement Income Adequacy (RIA) Framework.

BDO Malaysia Calls For Simpler Tax Rules In Budget 2027

By Niam Seet Wei

KUALA LUMPUR, Sept 29 (Bernama) -- Audit firm BDO Malaysia has called on the government to simplify tax rules and reduce compliance costs in Budget 2027 to lower the cost of doing business. 

Budget 2027 Must Enhance People’s Ability To Adapt To AI To Boost Nation’s Competitive Advantage - HR Consultant

By Mikhail Raj Abdullah

KUALA LUMPUR, Sept 29 (Bernama) -- Malaysia must undertake initiatives in Budget 2027 to accelerate the people’s ability to adapt to the dynamics of artificial intelligence (AI) rather than merely adopting it, a move which will help the country raise its competitive advantage.

Bursa Opens Lower On Wall St Weakness As Rising Oil Prices, US Bond Yields Weigh

KUALA LUMPUR, Sept 29 (Bernama) -- Bursa Malaysia’s key index opened lower on Tuesday, tracking weaker Wall Street performance overnight as rising crude oil prices and US bond yields weighed on sentiment.

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.

Ringgit Opens Slightly Higher Against US Dollar, Major Currencies

KUALA LUMPUR, Sept 29 (Bernama) -- The ringgit opened slightly higher against the US dollar and a basket of major currencies on Tuesday, with elevated geopolitical risks continuing to favour defensive positioning.

CPO Futures Close Mixed On Inventory Concerns, Sluggish Demand

By Abdul Hamid A Rahman

KUALA LUMPUR, Sept 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mixed on Monday, as concerns over rising inventories and sluggish demand were partly offset by support from rival vegetable oils and crude oil prices.

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.

New Automotive Investors Could Replace BYD In Tanjong Malim - Perak MB

IPOH, Sept 28 (Bernama) -- Perak has confirmed that several automotive companies are interested in investing in KLK TechPark in Tanjong Malim, potentially replacing Chinese electric vehicle (EV) maker BYD Company Ltd, which previously withdrew from the project.

PM Anwar Urges Malaysian Companies To Expand In Saudi Arabia

KUALA LUMPUR, Sept 28 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has urged more Malaysian companies to expand their presence in Saudi Arabia and pursue collaborations that benefit both countries.