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Budget 2025: Hoteliers Urge Govt To Address Low Room Rates Despite Rising Operational Costs

KUALA LUMPUR, Oct 3 (Bernama) -- The hotel industry is calling on the government to address persistently low room rates and rising operational costs for the upcoming Budget 2025 to be tabled on Oct 18.

Ringgit Opens Flat Vs US Dollar, Rises Against Other Major Currencies 

KUALA LUMPUR, Oct 3 (Bernama) -- The ringgit opened almost flat against the US dollar today but rose versus other major currencies, as the greenback continued to strengthen amid rising geopolitical risks, an analyst said.

Ringgit Slips Amid Rising Geopolitical Risks, But Remains Top Currency Globally Today

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 2 (Bernama) --  The ringgit closed lower on Wednesday as rising geopolitical risks spurred the buying of safe haven assets such as the greenback, nevertheless it still emerged as a global best performer against the US dollar in a three-month period from July 2 to Oct 2.

KIP REIT Secures Approval For RM320 Mln Acquisition Of DPulze Shopping Centre

KUALA LUMPUR, Oct 2 (Bernama) -- KIP Real Estate Investment Trust (KIP REIT) has secured shareholders’ approval to acquire DPulze Shopping Centre in Cyberjaya for RM320 million.

Indonesian Tycoon Lauds Anwar's Affirmative Action To Safeguard Bumiputera Interests

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.

Philippines Poised To Become Aviation Hub In Asia By 2028

MANILA, Oct 2 (Bernama) — The Philippines aviation industry is on the cusp of a significant transformation, and is poised to become an aviation hub in Asia by 2028, lifted by its airport privatisation initiatives and the completion of its new airport.

BHSI Unveils Global, UK Casualty Promotions

KUALA LUMPUR, Oct 2 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) has named Caroline Alder-Smurthwaite to its Global Underwriting Office for Casualty & Healthcare and promoted Charlotte Behar to succeed Alder-Smurthwaite as Head of Casualty, United Kingdom (UK).

Menlo Security Surpasses US$100 Mln ARR, Leading Secure Enterprise Browser Market

KUALA LUMPUR, Oct 2 (Bernama) -- Menlo Security, the pioneer of Secure Enterprise Browsers announced the company has surpassed US$100 million in annual recurring revenue (ARR) and achieved 50 per cent growth in the last 24 months. (US$1=RM4.15)

MBAM Calls For Lower Taxes And Duties On Construction Machinery

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 2 (Bernama) – Lower taxes and duties on construction machinery, along with improved access to financing and reasonable interest rates for industry players and builders, were among the proposals put forward by the Master Builders Association Malaysia (MBAM) for Budget 2025.

Provide Tax Exemptions To Enhance ESG Ratings Of Rubber Gloves Sector - MARGMA

KUALA LUMPUR, Oct 2 (Bernama) -- The Malaysian Rubber Gloves Manufacturers Association (MARGMA) hopes the government will provide better tax exemptions for them in Budget 2025 to enhance the sector’s environment, social, and governance (ESG) ratings.

Ringgit Retreats To Open Lower Vs US Dollar

KUALA LUMPUR, Oct 2 (Bernama) -- The ringgit took a breather from recent gains to open lower against the US dollar today, weighed by a risk-off sentiment amid heightened global geopolitical tension, an analyst said.

13MP To Focus On State-Federal Collaboration To Bridge Socio-economic, Development Gaps

SHAH ALAM, Oct 1 (Bernama) -- The 13th Malaysia Plan (13MP) will focus on collaborative efforts between states and federal governments to bridge the socio-economic and development gaps according to states and regions, said the Minister of Economy Rafizi Ramli.