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Labuan Seeks Equal Duty-Free Treatment As Langkawi

LABUAN, April 29 (Bernama) -- Labuan’s duty-free status should be given equal consideration for full restoration, in line with the proposal being studied for Langkawi, to support the island’s tourism, retail and business sectors, the Labuan Corporation (LC) Advisory Council said.

Bursa Malaysia Ends Lower On Profit-Taking In Oil-Related Counters

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 29 (Bernama) -- Bursa Malaysia ended on a softer note today, as investors took profit in oil-related counters following news of the United Arab Emirates’ (UAE) decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.

Energy Transition Accelerates As Trillions In Investments Fuel Global Shift

KUALA LUMPUR, April 29 (Bernama) -- Energy transition efforts worldwide continue to gain momentum, despite an increasingly complex geopolitical landscape, with investment estimated to have reached US$3.3 trillion (US$1 = RM3.95) last year.

Global Oil Prices Rise On Knee-jerk Reaction Following UAE's Exit From OPEC, OPEC+ 

KUALA LUMPUR, April 28 (Bernama) -- Global crude oil prices rose in a knee-jerk reaction following news that the United Arab Emirates (UAE) has left the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.

BNM Introduces RM5 Bln Financing Facility To Support SMEs Affected By West Asia Conflict 

KUALA LUMPUR, April 28 (Bernama) -- Bank Negara Malaysia (BNM) has introduced the SME Stabilisation Relief Facility (SME SRF), a RM5 billion financing facility to assist small and medium enterprises (SMEs), including microenterprises, affected by the ongoing West Asia conflict.

Foreign Tech Companies Must Provide Training For Local Talent - PM Anwar

KUALA LUMPUR, April 28 (Bernama) -- Foreign technology companies are required to provide high skilled training opportunities to local talent as a prerequisite for investing in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

Early Intervention Cushions Malaysia Against West Asia Shock

By Engku Shariful Azni Engku Ab Latif and N. Kuvineshwaren

KUALA LUMPUR, April 27 (Bernama) -- Malaysia is weathering the fallout from the West Asia crisis better than many peers, supported by early government intervention over the past three years to strengthen economic resilience.

MIDA Partners With HLB Islamic To Strengthen SME Entrepreneurs In Northern Region

SUNGAI PETANI, April 27 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and Hong Leong Islamic Bank Bhd (HLB Islamic) today organised a special forum to strengthen the ecosystem and access of small and medium enterprise (SME) entrepreneurs in the Northern Region.

Malaysia Seeks To Build AI Capabilities, Compete Globally -- PM Anwar

KUALA LUMPUR, April 27 (Bernama) --  Malaysia will not remain merely a user of artificial intelligence (AI), but will collaborate with partners to build capabilities and compete with confidence in the global digital economy, said Prime Minister Datuk Seri Anwar Ibrahim.

Amcor Opens US$35 Mln Healthcare Packaging Coating Facility In Selangor

KUALA LUMPUR, April 27 (Bernama) -- Global packaging solutions company Amcor has opened an advanced healthcare packaging coating facility in Subang Jaya, Selangor on April 24, representing an investment of over US$35 million (US$1=RM3.96).

Turkiye’s Bilal Erdogan Urges Muslim Nations To Emulate Malaysia’s Islamic Finance Lead

PUTRAJAYA, April 26 (Bernama) -- Turkiye’s Necmeddin Bilal Erdogan has called on Muslim nations to learn from Malaysia’s Islamic finance sector to build financial systems that are not dependent on Western networks.

Global Uncertainty, Geopolitics Demand Economic Recalibration -- Pm Anwar 

PUTRAJAYA, April 26 (Bernama) -- The current global economic challenges, compounded by geopolitical tensions, require Malaysia to recalibrate its priorities amid heightened uncertainty, said Prime Minister Datuk Seri Anwar Ibrahim.