1y ago
LABUAN, Dec 19 (Bernama) -- The passing of four bills under the Ministry of Finance aimed at regulating business activities in the Labuan International Business and Financial Centre (Labuan IBFC) is set to strengthen Malaysia’s standing ahead of the fourth Financial Action Task Force (FATF) evaluation in February 2025.
1y ago
KUALA LUMPUR, Dec 18 (Bernama) -- The Ministry of Finance (MoF) has found that instances of using cryptocurrency as a medium for money laundering in Malaysia are low.
1y ago
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.
1y ago
KUALA LUMPUR, Dec 17 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) and Cradle Fund Sdn Bhd unveiled a digital platform, Startup ASEAN, with the aim to position the ASEAN member states as leading players in the global startup landscape.
1y ago
KUALA LUMPUR, Dec 4 (Bernama) -- Cogeneration systems, which simultaneously produce electricity and useful heat from the same energy source, can boost energy efficiency by more than 70 per cent, resulting in substantially saving energy costs and contributing to long-term environmental sustainability.
1y ago
KUALA LUMPUR, Nov 29 (Bernama) -- Sapura Energy Bhd’s chairman, Datuk Mohammad Azlan Abdullah, and group chief executive officer (CEO) Datuk Mohd Anuar Taib, will be leaving their positions in the fourth quarter of the current financial year ending Jan 31, 2025 (4Q FY2025).
1y ago
LABUAN, Nov 4 (Bernama) -- Several industrial firms in China are eyeing investment opportunities in Labuan, particularly within the island's financial and development sectors.
1y ago
KUALA LUMPUR, Nov 1 (Bernama) -- NatureAlpha has launched an artificial intelligence (AI)-powered solution for investors, allowing them to comprehensively assess the biodiversity and nature impacts of their investments across all their asset classes for the first time with the addition of new private assets functionality.
1y ago
KUALA LUMPUR, Oct 30 (Bernama) -- Budget 2025 has brightened the construction sector prospects with a focus on developing quality infrastructure, strengthening strategic investments, and ensuring that all sectors function in an inclusive and sustainable manner.
1y ago
KUALA LUMPUR, Oct 21 (Bernama) -- The implementation of the Kerian Integrated Green Industrial Park (KIGIP) development is one of the fastest in history, with planning permission approval obtained in less than three months from the launch date.
1y ago
KUALA LUMPUR, Oct 19 (Bernama) -- The allocation of RM2.184 billion for the Ministry of Investment, Trade and Industry (MITI) in Budget 2025 is seen as a recognition of the effectiveness of the New Industrial Master Plan (NIMP) 2030 as a driver of Malaysian industry.
1y ago
KUALA LUMPUR, Oct 19 (Bernama) -- The Consumer Credit Act (CCA), to be tabled in the next parliamentary sitting, will address overlaps in responsibilities between regulatory authorities and reduce coverage gaps in the supervision of consumer credit providers, Bank Negara Malaysia (BNM) said.