1y ago
KUALA LUMPUR, Oct 3 (Bernama) -- CIMB Securities Sdn Bhd is projecting the fiscal deficit to narrow to 3.8 per cent of gross domestic product (GDP) in 2025 from an estimated 4.3 per cent this year, with the growth in government revenue expected to outpace operating expenditure (opex).
1y ago
From Kisho Kumari Sucedaram
MANILA, Oct 2 (Bernama) — Cebu Pacific, the Philippines' low-cost carrier, has signed a landmark purchase agreement with Airbus and Pratt & Whitney for up to 152 A321neo aircraft, equipped with Pratt & Whitney GTF engines.
1y ago
PUTRAJAYA, Oct 2 (Bernama) -- The affirmative action taken by Prime Minister Datuk Seri Anwar Ibrahim’s administration to protect Bumiputera interests is a positive step, according to Indonesia’s former Economic Minister Chairul Tanjung.
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Oracle's investment decision reflects the confidence and commitment of global technology companies in Malaysia's potential as a regional gateway for cloud infrastructure and supporting the growth of the regional artificial intelligence (AI) ecosystem.
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- Malaysia’s medical technology (medtech) industry has witnessed impressive growth, reaffirming the country’s position as a key player in the global medtech landscape, said the Malaysian Investment Development Authority’s (MIDA) and Association of Malaysian Medical Industries (AMMI).
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- Oracle today announced that it plans to invest more than US$6.5 billion (US$1 = RM4.15) to open a public cloud region in Malaysia to meet the rapidly growing demand for its artificial intelligence (AI) and cloud services here.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), will supply gas to Sabah Electricity Sdn Bhd (SESB) for power generation in Sabah and Labuan.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB Bank) have partnered with Credit Guarantee Corporation Malaysia Bhd (CGC) to offer an additional RM1.5 billion in financing through a portfolio guarantee scheme for small and medium-sized enterprises (SMEs).
1y ago
PUTRAJAYA, Oct 1 (Bernama) – Budget 2025 is set to see a substantial increase in allocations, driven by Malaysia's solid economic growth and rising government revenues, according to the deputy president of the Malaysian Economic Association, Professor Dr Yeah Kim Leng.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- Finance and accountancy professionals must confront wage inequality and take a leading role in promoting sustainable business practices, according to a report published by ACCA Global, Shift, and Forvis Mazars.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- The Credit Counselling and Debt Management Agency (AKPK) reports that 53,000 individuals under 30 are burdened by nearly RM1.9 billion in cumulative debt.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today attended Google's groundbreaking ceremony for its US$2 billion (US$1 = RM4.12) data centre and cloud region in Malaysia, held at the inaugural “Mantap Malaysia Bersama AI” event.