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SIRIM To Issue Certificate Of Approval For Waste Plastic Imports Effective July 1

KUALA LUMPUR, July 2 (Bernama) -- SIRIM Bhd has been mandated to be the sole inspection body and certificate of approval (COA) issuer for waste plastic imports into Malaysia, effective July 1, 2025.

After Apples And Oranges, MoF Announces Exemption For Beauty Services From Service Tax Expansion

KUALA LUMPUR, June 27 (Bernama) -- The Ministry of Finance (MoF) announced today that, after carefully considering public sentiment, it has decided not to proceed with the proposed expansion of the Service Tax to beauty services such as manicures and pedicures, facial services, and barbers and hairdressers.

Banks To Begin Charging Service Tax On Financial Services From July 1 Under Expanded Scope

KUALA LUMPUR, June 25 (Bernama) -- Member banks of Malaysia's banking associations will begin implementing the service tax on relevant financial services in phases from July 1, 2025, in accordance with the guidelines issued by the Royal Malaysian Customs Department.

PAAB Spearheads RM2.4 Bln Water Infrastructure Upgrade, Emphasises Zero-Accident Culture

KUALA LUMPUR, June 24 (Bernama) -- Pengurusan Aset Air Berhad (PAAB) is actively implementing nationwide upgrades to water infrastructure with an allocation of nearly RM2.4 billion to ensure the long-term sustainability and security of the country’s water supply.

Malaysia Commits To ASEAN Integration To Bring About Resilient Regional Economy - PM Anwar

KUALA LUMPUR, June 19 (Bernama) -- Malaysia is working actively towards upgrading existing trade agreements with ASEAN member states and dialogue partners, reinforcing its commitment to a more integrated and resilient regional economy, said Prime Minister Datuk Seri Anwar Ibrahim.

ASEAN Power Grid's Enhanced MoU To Focus On Regulations, Technical Requirements -- Fadillah

KUALA LUMPUR, June 16 (Bernama) -- ASEAN Power Grid’s (APG) enhanced memorandum of understanding (MoU), projected to be finalised by the end of this year, will focus on standardising rules and regulations, aligning technical requirements and establishing a financial model.

Taiwan’s Non-life Premiums Rise On Improved Underwriting Practices - AM Best

KUALA LUMPUR, June 16 (Bernama) -- Global credit rating agency, AM Best in its new report, has unveiled that Taiwan’s domestic non-life insurance premium continued to increase in 2024, growing 10.5 per cent to reach TWD 278.5 billion (US$9.2 billion). (US$1=RM4.23)

LHDN Receives 328 Million e-Invoices From Nearly 35,000 Taxpayers Since Aug 2024

GEORGE TOWN, June 12  (Bernama) -- The Inland Revenue Board (LHDN) has received 328 million e-invoices from taxpayers until yesterday since the system was launched in August 2024.

Master Tec Initiates Listing Transfer To Main Market Of Bursa Malaysia

KUALA LUMPUR, May 30 (Bernama) -- Master Tec Group Bhd has proposed to transfer its listing to the Main Market of Bursa Malaysia in less than two years after the company's debut on the ACE Market in January 2024. 

ASEAN Green Initiatives Can Generate Additional US$300 Bln By 2030 - Tengku Zafrul

KUALA LUMPUR, May 29 (Bernama) -- ASEAN could generate an additional US$300 billion annually in green revenues and unlock up to US$1.5 trillion in new value by 2030 with advancing green investments and cross-border collaboration in regional power grids, carbon markets, and clean energy incentives  (US$1=RM4.23).

IMF Forum Explores How Governments Can Better Navigate Rising Borrowing Costs, Refinancing Pressures

KUALA LUMPUR, May 28 (Bernama) -- The 20th International Monetary Fund (IMF) Public Debt Management Forum explores and discusses how governments can better navigate the challenges of rising borrowing costs and debt refinancing pressures.

Penang Actively Conducting Investment, Trade Missions To Reduce Impact Of US Tariffs

GEORGE TOWN, May 19 (Bernama) -- Penang, through its state investment agency InvestPenang, is actively conducting investment and trade missions to foreign countries to reduce the impact of the United States (US) tariff hike on the state's economy.