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Govt To Develop Fair Formula To Calculate Open Market Value Of Local CKD Vehicles

PETALING JAYA, July 21 (Bernama) -- The government is developing a formula that is fair in calculating the open market value (OMV) or prices of locally assembled completely knocked down (CKD) vehicles in Malaysia.

Sabah Collects RM1.38 Bln In State Sales Tax As Of June

KOTA KINABALU, July 21 (Bernama) -- Sabah’s state sales tax collection for the main sectors as of June 30 this year stood at RM1.38 billion, the State Legislative Assembly was told today.

RON95 Subsidy Savings Used For Targeted Support, Food Security --MOF

KUALA LUMPUR, July 20 (Bernama) -- Savings generated from the targeted RON95 petrol subsidy mechanism are not being retained solely as a fiscal surplus, the Ministry of Finance (MOF) said.

Changan Reaffirms Thailand Investment Commitment 

KUALA LUMPUR, July 20 (Bernama) -- Changan Automobile has reaffirmed its long-term investment commitment to Thailand, highlighting the country's role as its regional manufacturing headquarters for Southeast Asia during the Thailand-China (Sichuan) Investment and Economic Forum 2026.

Malaysia Well Positioned To Lead ASEAN EV Growth -- BMI

KUALA LUMPUR, July 17 (Bernama) -- Malaysia is well positioned to lead electric vehicle (EV) demand growth outside ASEAN's two dominant EV markets, Vietnam and Thailand, underpinned by its affluent consumer base and improving EV competitiveness, according to BMI.

Alipay+ Transaction Value In Malaysia Surges To RM824 Mln In 2025 -- MOF

KUALA LUMPUR, July 17 (Bernama) -- The value of QR payment transactions by foreign tourists through the Alipay+ ecosystem in Malaysia recorded a significant increase of 89.6 per cent to RM824 million in 2025 compared with RM435 million in the previous year.

TM's Wholesale Business To Remain Key Growth Driver -- Rhb IB

KUALA LUMPUR, July 17 (Bernama) --  Telekom Malaysia Bhd’s (TM) wholesale segment is expected to remain its key growth driver, supported by 5G fibre backhaul, data centre co-location and connectivity services, as well as the commissioning of new sub-sea cables, said RHB Investment Bank Bhd (RHB IB).

Asset Recovery Trust Account Funds Used To Repay 1MDB, SRC Debts - MoF

KUALA LUMPUR, July 16 (Bernama) -- The government stresses that the use of Asset Recovery Trust Account funds is made in accordance with the approved Trust Directive and only for authorised purposes, including to cover operating costs and repay 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd debts. 

Gamuda Shares Rise On Penang-Perak Water Supply Deal

KUALA LUMPUR, July 16 (Bernama) -- Gamuda Bhd’s shares rose 1.44 per cent in early trade on Thursday after its joint venture signed a bulk water supply agreement with Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP).

MoF: No Plans To Implement A Wealth Tax For Now

KUALA LUMPUR, July 15 (Bernama) -- The government has no plans at present to implement a two per cent wealth tax on wealthy individuals to help finance government expenditure, said the Finance Ministry (MoF).

Govt Refunded RM14.7 Bln Excess Taxes As Of June 30 2026 -- MoF

KUALA LUMPUR, July 15 (Bernama) — The government has refunded RM14.7 billion in excess tax payments involving 3.17 million taxpayer cases as of June 30, 2026, according to the Ministry of Finance (MoF).

No Changes To Fiscal Projections Under Budget 2027 For Now -- Liew

KUALA LUMPUR, July 15 (Bernama) -- There is no need to review current projections under Budget 2027 based on the government’s fiscal performance for the first half of 2026, said Deputy Finance Minister Liew Chin Tong.