1y ago
KUALA LUMPUR, Nov 11 (Bernama) -- The government aims to reduce the fiscal deficit to three per cent in the medium term, as outlined in the MADANI Economy framework and the Public Finance and Fiscal Responsibility Act 2023 (Act 850).
1y ago
By Jailani Hasan
LABUAN, Nov 8 (Bernama) -- The Labuan Financial Services Authority (Labuan FSA) is strengthening its digital and Islamic finance landscape with the launch of a Shariah-compliant blockchain masterplan and new tax incentives, aiming to transform Labuan into a leading digital financial hub.
1y ago
KUALA LUMPUR, Nov 8 (Bernama) -- Malaysia’s ASEAN chairmanship next year represents an opportunity to advance regional collaboration in critical sectors including in takaful and re-takaful, said Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani Mohamad Zahid.
1y ago
KUALA LUMPUR, Nov 8 (Bernama) -- The second day of the Biban24 forum saw 20 agreements worth more than 1.35 billion Saudi riyals signed. (100 Saudi riyals = RM116.88)
1y ago
KUALA LUMPUR, Nov 8 (Bernama) -- Malaysia has introduced future-proof policy frameworks to attract and support foreign investors while advancing its economic ambitions.
1y ago
LABUAN, Nov 8 (Bernama) -- Labuan’s Islamic Digital Asset Centre (IDAC), launched in 2022, has marked major milestones, with digital assets now collectively valued at US$820 million.
1y ago
KUALA LUMPUR, Nov 7 (Bernama) -- Huawei has provided hundreds of mobile network sites as well as cloud services and intelligent operation centres in Sarawak, which have helped improve wireless network coverage in remote areas, accelerating the country’s digital transformation, said Prime Minister Datuk Seri Anwar Ibrahim.
1y ago
BEIJING, Nov 7 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s working visit to China has generated potential exports worth RM3.2 billion, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz.
1y ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Nov 7 (Bernama) -- The ringgit continued its downward momentum against the US dollar on Thursday, albeit marginally, weighed by a decline in Malaysia's international reserves, said an economist.
1y ago
KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia stands ready for a new era of investment, supported by a clear vision for economic transformation and a commitment to attracting investments aligned with the nation’s high-growth and sustainable future, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
1y ago
KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia's international reserves stood at US$117.6 billion (US$1 = RM4.40) as of Oct 30, 2024, compared to US$119.6 billion on Oct 15, 2024.