Core HVGT Principles Retained In Updated Tax Framework

KUALA LUMPUR, Nov 24 (Bernama) -- Although the High-Value Goods Tax (HVGT) was not implemented, its core principles have been reviewed and incorporated into improvements to existing tax laws through the revised sales tax rates and the expansion of the service tax (SST) scope.

Johor Steps Up Enforcement, Foreign-Run Business Compounds Surge To RM180,000

ISKANDAR PUTERI, Nov 19 (Bernama) -- Enforcement actions against foreign-run businesses operating without licences across Johor’s 16 local authorities (PBTs) recorded a significant increase this year, with the value of compounds rising sharply, from RM30,000 in 2024 to RM180,000 in 2025.

AKWEL Reports Lower Revenue, Expects Further Decline In 2026

KUALA LUMPUR, Nov 7 (Bernama) -- AKWEL, a manufacturer of parts and systems for the automotive and heavy-vehicle industry, reported consolidated revenue of 730.7 million euros for the first nine months of 2025, down 3.6 per cent from a year earlier. (1 Euro = RM4.82)

Hytera Unveils P60 Smart PoC Radio At GITEX GLOBAL 2025

KUALA LUMPUR, Oct 31 (Bernama) -- Hytera, a global provider of professional communications technologies and solutions, has launched its latest P60 Smart Push-to-Talk over Cellular (PoC) Radio at GITEX GLOBAL 2025.

DGB Asia Proposes RM197 Mln Capital Reduction

KUALA LUMPUR, Sept 29 (Bernama) -- DGB Asia Bhd, a software and engineering solutions company, proposes to undertake a capital reduction exercise via the cancellation of its issued share capital, which is lost and unrepresented by available assets of RM197 million.

AM Best Withdraws New Zealand's Foundation Life Ratings Following Policy Cancellations 

KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has withdrawn the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Foundation Life (NZ) Limited (FLNZ) as the company no longer holds insurance policy liabilities.

Malaysia Airlines' "On-time Performance" For Domestic Flights At 85.3 Pct As Of May 2025 -- MOT

KUALA LUMPUR, Aug 7 (Bernama) -- Malaysia Airlines  (MAS) achieved an on-time performance (OTP) of 85.3 per cent for domestic flights as of May 2025, followed by AirAsia (84.5 per cent) and Batik Air (73.5 per cent), according to the Ministry of Transport (MOT).

Pharmaniaga Completes Regularisation Plan, Set To Exit PN17 By 1Q 2026

KUALA LUMPUR, Aug 6 (Bernama) -- Pharmaniaga Bhd has completed its Practice Note 17 (PN17) regularisation plan following the completion of its capital reduction exercise through the cancellation of RM520 million in issued share capital.

Escalating Tension In Middle East Raises Cost Concerns Among Travellers, Insurers

By Karina Imran

KUALA LUMPUR, June 27 (Bernama) — Air travellers and insurance companies are deeply concerned over possible rise in costs brought on by the escalating geopolitical tension in the Middle East which has led to abrupt closure of major airports in the region, which serve as among the busiest aviation hubs.

Palm Oil Players Should Hedge, Diversify Downstream -- Economist

KUALA LUMPUR, June 24 (Bernama) -- Malaysian palm oil producers must intensify hedging efforts and expand downstream to mitigate the risk of sudden price volatility, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

Flight Delays At Kuching Airport After RMAF Jet Incident Forces Runway Closure

By K.Naveen Prabu

KUALA LUMPUR, June 23 (Bernama) -- Batik Air is among the airlines affected by a temporary runway closure at Kuching International Airport (KIA) today, following a runway excursion involving a Royal Malaysian Air Force (RMAF) aircraft.

Empty Skies On Radar As Global Airlines Reroute, Cancel Flights Amid Pakistan Airspace Closure