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Cold Storage Opens First Kedah Outlet At The Tenz Emporium, Set To Boost Local Economy

ALOR SETAR, April 30 (Bernama) -- Premium supermarket Cold Storage’s first outlet in Kedah, at The Tenz Emporium here, is expected to boost the local economy and lifestyle landscape of the city.

AirTrunk Raises Investment In Malaysia By RM12 Bln To RM27 Bln -- PM Anwar

KUALA LUMPUR, April 30 (Bernama) — AirTrunk, a hyperscale data centre platform company in Asia Pacific and West Asia, will increase its investment by another RM12 billion this year, bringing its total committed investment in Malaysia to RM27 billion.

Sabah Sets Up Special Committee To Study Targeted Subsidies Amid Global Oil Price Rise

KOTA KINABALU, April 29 (Bernama) -- The Sabah state government has established a special committee to study the need for targeted subsidies as an effort to assist sectors affected by the rise in global oil prices, said Deputy Chief Minister II Datuk Seri Masidi Manjun.

Ascend Airways Malaysia Unaffected By UK Unit's Wind-down

KUALA LUMPUR, April 29 (Bernama) -- Ascend Airways Malaysia Sdn Bhd has clarified that its operations remain unaffected by developments involving its United Kingdom (UK)-based counterpart, Ascend Airways Ltd.

Labuan Seeks Equal Duty-Free Treatment As Langkawi

LABUAN, April 29 (Bernama) -- Labuan’s duty-free status should be given equal consideration for full restoration, in line with the proposal being studied for Langkawi, to support the island’s tourism, retail and business sectors, the Labuan Corporation (LC) Advisory Council said.

Banking Industry Urges MSMEs Affected By West Asia Conflict To Engage For Support

KUALA LUMPUR, April 29 (Bernama) -- The banking industry is encouraging micro, small and medium enterprises (MSMEs) affected by the ongoing West Asia conflict to engage with their respective banks at an early stage to explore suitable solutions, including repayment assistance, restructuring, and working capital support.

Ringgit Closes Higher Vs US Dollar, Regional Currencies

By Abdul Hamid A Rahman

KUALA LUMPUR, April 29 (Bernama) -- The ringgit closed higher against the US dollar and regional currencies, due to easing crude oil concerns following the United Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries (OPEC) pact.

MOF Mulls More Targeted Diesel Subsidy Mechanism For Sabah, Sarawak -- Fahmi

KUALA LUMPUR, April 29 (Bernama) -- The Ministry of Finance (MOF) is studying the implementation of a more targeted diesel subsidy mechanism, similar to BUDI95, for Sabah and Sarawak, said MADANI government spokesperson Datuk Fahmi Fadzil.

DutyFreeZone Opens Early Enrolment For Global Duty-Free Platform

KUALA LUMPUR, April 29 (Bernama) -- DutyFreeZone.com (DFZ) has launched its early enrolment programme for vendors, premium brands, suppliers and investors, advancing plans to build what it describes as the world’s first fully digital global duty-free marketplace.

RHB, Petronas Partner On Sustainable Vendor Financing

KUALA LUMPUR, April 29 (Bernama) -- RHB Bank Bhd (RHB) and Petroliam Nasional Bhd (Petronas) have entered into a memorandum of understanding to collaborate on the implementation of a Sustainable Vendor Financing Programme (SVFP).

1,729 Jobs Created At Lahad Datu Palm Oil Industrial Cluster - Ewon

KOTA KINABALU, April 29 (Bernama) -- The Palm Oil Industrial Cluster (POIC) in Lahad Datu has created 1,729 job opportunities to date, with 85 per cent of them filled by locals, including youth from the area, said Deputy Chief Minister III Datuk Ewon Benedick.

Labuan Corporation Advisory Council Supports Oil Refinery Proposal

LABUAN, April 29 (Bernama) — The Labuan Corporation Advisory Council has unanimously agreed to support a proposal to establish an oil refinery on the island, describing it as a strategic move to spur economic growth and create employment opportunities.