Penang Secures RM2.3 Bln MedTech Investments, Creates Nearly 4,500 Jobs

GEORGE TOWN, Oct 6 (Bernama) -- Penang secured RM2.3 billion in approved investments in the medical technology (MedTech) sector from 2021 to the first quarter of 2026, involving 40 projects and creating nearly 4,500 jobs, said Chief Minister Chow Kon Yeow.

Carey Island, Midport Development Will Not Affect PTP-- Loke

KUALA LUMPUR, Oct 6 (Bernama) -- The development of Carey Island and Midport will not affect the Port of Tanjung Pelepas’ (PTP) role, as each port has its own specialisation and distinct development concept, said Transport Minister Anthony Loke.

Budget 2027: Hybrid GST-SST Proposal Puts Malaysia’s Consumption Tax In Focus

By Yeoh Cheng Guan

Partner, Indirect Tax, Ernst & Young Tax Consultants Sdn Bhd

KUALA LUMPUR, Oct 6 (Bernama) -- As Budget 2027 approaches, discussions on Malaysia’s indirect tax landscape are once again taking centre stage.

Bursa Malaysia Opens Higher On Positive Wall Street Momentum

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 6 (Bernama) -- Bursa Malaysia opened higher on Tuesday, in sync with Wall Street's positive overnight momentum, as muted oil prices following a recovery in West Asia crude exports offset a continued sell-off in US Treasuries.

Bahrain GP Boosts Q4 Services, Financial Impact Key To Assessing Permanent F1 Return -- Economists

KUALA LUMPUR, Oct 6 (Bernama) -- The Bahrain Grand Prix in Malaysia provided a boost to tourism and services activity in the fourth quarter (Q4), while its overall financial impact will be important in assessing the economic viability of hosting Formula One (F1) races in Malaysia on a permanent basis, economists said.

TERAJU Discusses Role, Strategic Direction During Meeting With PM Anwar

KUALA LUMPUR, Oct 5 (Bernama) -- The Bumiputera Agenda Steering Unit (TERAJU), which recently became an agency under the Prime Minister’s Department, had the opportunity to get Prime Minister Datuk Seri Anwar Ibrahim’s views on its priorities in strengthening bumiputera economic development during a meeting today.

Halal Development Corporation Appoints Hanisofian Alias As CEO

KUALA LUMPUR, Oct 5 (Bernama) -- Halal Development Corporation Bhd (HDC) has appointed Hanisofian Alias as chief executive officer (CEO) effective from Oct 1, 2026, after serving as interim CEO since January this year. 

Budget 2027 Expected To Prioritise Homeownership, Affordable Housing — Apex Securities

KUALA LUMPUR, Oct 5 (Bernama) -- Budget 2027 is expected to prioritise homeownership and affordable housing, with the government likely to focus on existing housing policies rather than introducing major reforms, according to Apex Securities.

Malaysia Must Navigate Rising Geopolitical, Economic Pressures As Trading Nation - Anwar

KUALA LUMPUR, Oct 5 (Bernama) -- Malaysia must navigate rising geopolitical tensions and economic pressures as a trading nation deeply integrated into global supply chains, said Prime Minister Datuk Seri Anwar Ibrahim. 

Ramssol Share Price Up On Rider Gate Being A Potential Alternative Platform

KUALA LUMPUR, Oct 5 (Bernama) -- Ramssol Group Bhd’s share price rose in early trading on Monday amid potential demand for its wholly owned subsidiary Rider Gate.

FIA President: Malaysia Needs Five-year Business Plan For F1 Return

By Siti Radziah Hamzah

SEPANG, Oct 5 (Bernama) -- Malaysia would need a minimum five-year business plan covering the commercial, promotional and logistical requirements of hosting Formula One (F1) if it wants to make a permanent return to the championship.

Refined SST System Could Create More Efficient Tax Environment – EY

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 4 (Bernama) -- A refined sales and services tax (SST) system incorporating measures to minimise tax cascading, broaden the tax base and strengthen compliance could help create a more neutral and efficient tax environment for businesses, according to EY Malaysia’s Tax Managing Partner Farah Rosley.