Sales Tax Rate Revision, Service Tax Scope Expansion To Be Effective July 1, 2025 – MOF

PUTRAJAYA, June 9 (Bernama) -- The government will implement a revision of the Sales Tax rates and an expansion of the Service Tax’s scope effective from July 1, 2025, in order to strengthen the country’s fiscal position by increasing revenue and broadening the tax base.

MNRB Holdings FY2025 Net Profit At RM394.20 Mln, Demonstrates Resilience

KUALA LUMPUR, May 27 (Bernama) -- MNRB Holdings Bhd posted a lower net profit of RM394.20 million for the financial year ended March 31, 2025 (FY2025), compared with RM433.54 million recorded in the preceding year.

MITI Works Hard To Attract More High-quality Investments - Tengku Zafrul

KUALA LUMPUR, May 20 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) is working hard to attract more high-quality investments, especially in strategic sectors such as electrical and electronics (E&E), said its Minister, Tengku Datuk Seri Zafrul Abdul Aziz.

Maybank To Support JS-SEZ And Facilitate Up To RM2.35 Bln In Client Investments

KUALA LUMPUR, May 19 (Bernama) -- Malayan Banking Bhd (Maybank) has signed a letter of intent (LOI) with the Ministry of Economy to support the Johor-Singapore Special Economic Zone (JS-SEZ) and facilitate up to RM2.35 billion in client investments over the next three to 10 years.

1Q GDP Growth In Line With Advance Estimates, Higher Than Previous Corresponding Quarter -- MOF

KUALA LUMPUR, May 16 (Bernama) -- A rousing performance across key economic sectors lifted Malaysia’s gross domestic product (GDP) by 4.4 per cent in the first quarter of 2025 (1Q 2025), in line with the GDP advance estimates and higher than the 4.2 per cent growth recorded in 1Q 2024.

PM Anwar Calls For More Domestic Consumption To Mitigate Impact Of US Tariffs

SHAH ALAM, May 5 (Bernama) -- The government is committed to safeguarding the country’s economy through a pragmatic approach, such as boosting domestic consumption, to navigate US tariff uncertainties.

Core National Policies Will Not Be Compromised In Tariff Negotiations - PM Anwar

KUALA LUMPUR, May 5 (Bernama) --  Prime Minister Datuk Seri Anwar Ibrahim has reiterated that the government will not compromise on the country’s core policies in tariff negotiations.

Sabah's GDP Increases To RM83.2 Bln Last Year - Hajiji

KOTA KINABALU, April 29 (Bernama) -- Sabah's economy has shown positive growth as its gross domestic product (GDP) rose to RM83.2 billion last year from RM82.1 billion in 2023, said Chief Minister Datuk Seri Hajiji Noor.

Malaysia Won't Be Fixated On Growth Forecasts But Will Focus On Building Resilience -- Amir Hamzah

Germany, Malaysia Stand As Important Trading Partners -- Deputy Head Of Mission

By Anas Abu Hassan

KUALA LUMPUR, April 24 (Bernama) -- Germany stands to be Malaysia’s most important trading partner within the European Union (EU) as the country is also Germany’s biggest trading partner among the ASEAN countries, said the Embassy of the Federal Republic of Germany in Malaysia’s deputy head of mission Ulrike Wolf.

Malaysia Moves Closer To Green Bioeconomy With CCE-Oasis Xtract Partnership

PUTRAJAYA, April 22 (Bernama) -- Malaysia’s push towards a sustainable, innovation-driven economy has taken a significant step forward today with the signing of a memorandum of understanding (MoU) between Central Corporate Engineering Sdn Bhd (CCE) and Oasis Xtract Sdn Bhd.

NCER Records RM42.76 Bln Realised Investments In Penang In 2024

GEORGE TOWN, April 15 (Bernama) -- Penang continues to strengthen its position as Malaysia’s premier investment and technology innovation hub, with realised investments worth RM42.76 billion and the creation of nearly 9,000 job opportunities in 2024.