BNM: Existing Mega Projects Will Continue To Support Malaysia's Economic Growth In 2025

KUALA LUMPUR, Nov 15 (Bernama) --  Despite the absence of mega project developments in Budget 2025, existing mega projects will continue to support Malaysia's economic growth next year, said Bank Negara Malaysia governor Datuk Seri Abdul Rasheed Ghaffour.

Malaysia's Inflation To Average 2.0 Pct-3.5 Pct In 2025 

KUALA LUMPUR, Nov 15 (Bernama) -- Malaysia’s inflation is projected to average 2.0 per cent to 3.5 per cent in 2025, factoring in domestic policy measures outlined in Budget 2025, said Bank Negara Malaysia (BNM). 

Johor Plantations' 3Q Net Profit Rises To RM77.11 Mln

KUALA LUMPUR, Nov 13 (Bernama) -- Johor Plantations Group Bhd’s net profit rose to RM77.11 million for the third quarter ended Sept 30, 2024 (3Q 2024) from RM68.28 million in the same period last year. 

Malaysia Ramps Up Infrastructure To Strengthen Global Competitiveness

KUALA LUMPUR, Nov 13 (Bernama) -- Continuous investment in infrastructure projects is helping Malaysia strengthen its position as a regional trade and investment hub while boosting global competitiveness.

Life Water Bhd's Carbonated Drinks Not Affected By Sugar Tax

KUALA LUMPUR, Nov 13 (Bernama) -- The implementation of the sugar tax announced in Budget 2025 will not affect the carbonated beverages manufactured by Life Water Bhd.

Repatriate Foreign Investment Income, Without Selling Overseas Assets -- Amir Hamzah

KUALA LUMPUR, Nov 12 (Bernama) -- The government's concerted measure to encourage government-linked companies (GLCs), government-linked investment companies (GLICs) and corporates to consistently repatriate foreign investment income and convert them into ringgit does not involve the sale of assets and their investments abroad.

SST Enhancements Expected To Help Generate RM51.7 Bln Revenue In 2025 -- Amir Hamzah

KUALA LUMPUR, Nov 12 (Bernama) -- The enhancements to the Sales and Service Tax (SST), effective from May 1, 2025, are expected to help generate revenue of RM51.7 billion in 2025, according to Finance Minister II Datuk Seri Dr Amir Hamzah Azizan.

SIDEC, PayMate To Empower SMEs With Cash Flow Flexibility, Streamline Supplier Payments

By Muhamad Amir Aiman Azlan

SHAH ALAM, Nov 11 (Bernama) -- The Selangor Information Technology and Digital Economy Corporation (SIDEC) and PayMate have joined forces to empower almost 70,000 of Selangor’s small and medium enterprises (SMEs) business owners by providing extra payment options.

Ambank Foresees Slightly Slower 3Q GDP Growth At 5.1 Pct

KUALA LUMPUR, Nov 11 (Bernama) -- AmBank Group foresees a slightly slower year-on-year (y-o-y)  gross domestic product (GDP) growth of 5.1 per cent for Malaysia in the third quarter of 2024 (3Q2024), down from the official advance estimate of 5.3 per cent.

Malaysia Has Great Potential In Downstream REE Industry, Supporting EV Manufacturing -- Nik Nazmi

KUALA LUMPUR, Nov 11 (Bernama) -- Malaysia has a great potential in the downstream rare earth elements (REE) industry as a super magnet-producing country, particularly for supporting the growth of the electric vehicle (EV) manufacturing industry, the Dewan Rakyat was told today.

Sarawak Projects Up To 6 Pct Economic Growth In 2024 -- Abang Johari

KUCHING, Nov 11 (Bernama) -- Sarawak is projected to experience resilient economic growth of five to six per cent in 2024 due to strong external demand, increased domestic activities and easing inflationary pressures.

Labuan FSA Advances Islamic Fintech, Captive Insurance With Shariah Blockchain, Zero-tax Incentive

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.