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MECD Allocated RM2.57 Bln To Over 270,000 Women Entrepreneurs As Of November 2024

KUALA LUMPUR, Dec 19 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (MECD) has allocated a total of RM2.57 billion to 272,242 women entrepreneurs under Amanah Ikhtiar Malaysia (AIM) as of November 2024.

Ringgit Continues To Extend Loss On Fed’s Hawkish Turn

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 19 (Bernama) -- The ringgit ended lower against the US dollar on Thursday, continuing its decline after the US Federal Reserve (Fed) signalled a more cautious approach to rate cuts next year, following a 25-basis-point reduction on Wednesday.

Lotus Circular To Acquires Earthwise, Expert For RM100 Mln

KUALA LUMPUR, Dec 19 (Bernama) -- Lotus Circular Bhd (LCB) has proposed to acquire the entire equity interest in Earthwise Resources Sdn Bhd and the entire equity interest in Expert Resource Management Sdn Bhd for a total purchase consideration of RM100 million. 

Buoyant Year For Port Operators, Shipping Industry But Challenges Persist

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 18 (Bernama) -- It has been a strong year for ports in Malaysia as operators pushed ahead with capital-intensive infrastructure upgrading works and rode on the wave of e-commerce growth as well as rising global trade to maintain their competitiveness.

Xindeco IoT Inaugurates RFID Manufacturing Plant In Nilai

KUALA LUMPUR, Dec 19 (Bernama) -- Xindeco IoT Malaysia Sdn Bhd has inaugurated its cutting-edge radio frequency identification (RFID) manufacturing facility in Nilai, Negeri Sembilan, which stands as the largest RFID production hub in Southeast Asia.

107.5 Mln e-invoices received By LHDN since August

By Engku Shariful Azni Engku Ab Latif and Previnna Thuraisingam

KUALA LUMPUR, Dec 18 (Bernama) -- The Inland Revenue Board (LHDN) has received 107.5million e-invoices from taxpayers since the system was implemented on Aug 1.

MRCB Withdraws From Berjaya-led Consortium For KL-SG HSR Project

KUALA LUMPUR, Dec 18 (Bernama) -- The Berjaya Corporation Bhd-led consortium, which participated in the request for information (RFI) exercise by MyHSR Corporation Sdn Bhd for the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project, has announced that one of its partners has decided to withdraw. 

Ringgit Closes Marginally Lower Ahead Of FOMC Meeting

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 18 (Bernama) -- The ringgit closed slightly lower against the US dollar today as traders adopted a cautious approach ahead of the United States Federal Open Market Committee (FOMC) meeting.

SiMa.ai Teams Up With Synopsys To Accelerate AI-Driven Automotive Solutions

KUALA LUMPUR, Dec 18 (Bernama) -- SiMa.ai has collaborated with Synopsys to jointly deliver a new solution for automotive companies to accelerate the development of workload-specific silicon and software needed to power artificial intelligence (AI)-enabled features in next-generation automobiles.

Bursa Malaysia Rebounds Amid Mixed Performances From Asian Markets

KUALA LUMPUR, Dec 18 (Bernama) -- Bursa Malaysia rebounded and closed higher due to buying support in selected heavyweights amid mixed performances from Asian markets. 

Dewan Negara Passes Five Bills Related To Business Activities In Labuan

KUALA LUMPUR, Dec 18 (Bernama) -- The Dewan Negara has passed five bills under the Ministry of Finance related to business activities in Labuan, namely the Labuan Business Activity Tax (Amendment) (No.2) Bill 2024 and the Labuan Companies (Amendment) Bill 2024.

ACE Market-bound Northern Solar Aims To Raise RM42.4 Mln From IPO

KUALA LUMPUR, Dec 18 (Bernama) -- Solar renewable energy specialist Northern Solar Holdings Bhd aims to raise RM42.4 million through its initial public offering (IPO) in conjunction with its listing on the ACE Market of Bursa Malaysia.