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Ringgit Continues To Soar, Hitting 4.09 Vs US Dollar, The Highest Since April 2021

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 12 (Bernama) -- The ringgit continued its positive momentum, jumping to the 4.09 level against the US dollar at Friday’s close, hitting a new four-year-and-seven-month high, supported by positive Malaysian economic data.

2025 Tax Trinity: US Tariffs, SST Expansion and E-invoicing

KUALA LUMPUR, Dec 11 (Bernama) -- 2025 will be remembered as the “tariff year”, no thanks to the unexpected United States (US) tariffs that shook markets worldwide, with Malaysia not spared.

Senate: US Did Not Raise Bumiputera Rights Issue In Signing Of ART - MITI

KUALA LUMPUR, Dec 11 (Bernama) -- The United States (US) has never demanded or raised the issue of Bumiputera rights as one of the clauses in the Agreement on Reciprocal Trade (ART) between Malaysia and the US, said Deputy Minister of Investment, Trade and Industry, Liew Chin Tong.

Palm Oil Sector Well-positioned To Participate In Carbon Market -- Johari

KUALA LUMPUR, Dec 11 (Bernama) -- Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani said the palm oil sector is well-positioned to participate in the carbon market, having already embedded sustainability and circular-economy practices across its value chain.

MEF Supports Better Vacancy Data Under EIS, Urges Practical Implementation

KUALA LUMPUR, Dec 11 (Bernama) -- The government’s move to strengthen vacancy reporting under Section 45F of the Employment Insurance System Act (EIS) is aligned with established international practices, but practical implementation is a must, said the Malaysian Employers Federation (MEF).

Russia Seeks To Deepen Trade, Economic Cooperation With Malaysia -- Ambassador

KUALA LUMPUR, Dec 10 (Bernama) -- Russia is seeking to deepen trade and economic cooperation with Malaysia, particularly in the electronics and semiconductor sectors, which Moscow considers strategically important amid global supply-chain shifts.

Federal, State Govts Must Find Ways To Develop REE Industry - Liew

KUALA LUMPUR, Dec 10 (Bernama) -- The federal and state governments must find new ways to work together to develop a coherent rare earth elements (REE) industry, said Deputy Investment, Trade and Industry Minister Liew Chin Tong today.

Fruit Importers Can Apply For SST Exemption To MOF -- MITI

KUALA LUMPUR, Dec 8 (Bernama) -- Fruit traders and importers can apply directly to the Ministry of Finance (MoF) for exemptions from Sales and Service Tax (SST) on imported fruit, the Ministry of Investment, Trade and Industry (MITI) said.

Compliance Cost Savings’ Goal Of 1 Pct GDP in Line With International Standards -- MPC

PUTRAJAYA, Dec 7 (Bernama) -- Malaysia’s aim to reduce compliance costs to up to 1 per cent of gross domestic product (GDP)  as part of the civil service reform agenda is in line with international standards, including those of the Organisation for Economic Co-operation and Development (OECD).

LPPSA Boosts Funding Strategy Via Rated Sukuk Programme, Supporting Govt's fiscal Aspiration

PUTRAJAYA, Dec 7 (Bernama) -- The Public Sector Home Financing Board (LPPSA) is set to make history by launching its first-rated sukuk programme next year, a strategic move aimed at expanding its funding ecosystem while supporting the government’s efforts in prudently managing the country’s liabilities. 

Targeted Subsidy Doesn't Increase National Debt, Savings Up To RM4 Bln Per Year -- MoF

KUALA LUMPUR, Dec 4 (Bernama) -- The implementation of targeted subsidy does not increase national debt, but rather an important strategy to reduce long-term liabilities, stabilise the fiscal position and strengthen investor confidence in Malaysia’s economic prospects.

Basic Medical And Health Insurance Introduced In 2027 To Be A Standalone Product -- MoF

KUALA LUMPUR, Dec 4 (Bernama) -- The basic medical and health insurance (MHIT) to be introduced in early 2027 will be a standalone product and not linked to investments, according to the Finance Ministry (MoF).