LATEST NEWS   Govt is focusing on policy adjustments, managing cost pressures, and ensuring supply including basic necessities in tackling the global supply crisis -- Akmal Nasrullah | At 6 pm, the ringgit firmed to 3.9490/9530 against the US dollar from 3.9515/9555 on Monday. | 70 pct of blending depots in Malaysia are ready to implement B15 biodiesel using existing facilities -- Akmal Nasrullah | Retargeting ASEAN, East Asia, Australia and India markets among measures to maintain visitor flow and national income - Akmal Nasrullah | Malaysia has entered an extended crisis management phase, moving beyond the initial shock response phase -- Akmal Nasrullah | 

Economic

Budget 2025: MPOB Calls On Govt To Assist Planters In Rejuvenating Unproductive Oil Palm Trees

KUALA LUMPUR, Oct 9 (Bernama) -- The Malaysian Palm Oil Board (MPOB) hopes the government will assist planters in accelerating replanting activities to rejuvenate unproductive and ageing oil palm trees in Budget 2025, thus enhancing the sector’s productivity.

ASEAN MSMEs Should Benefit From Digital Economy Framework Agreement

From Sharifah Hunaini Syed Ismail

VIENTIANE, Oct 8 (Bernama) -- ASEAN micro, small and medium enterprises (MSMEs) should benefit from the US$2 trillion expected economic value generated from the Digital Economy Framework Agreement (DEFA) by 2030.

Public Bank, LPI Capital Shares To Be Suspended On Wednesday Pending Major Announcement

KUALA LUMPUR, Oct 8 (Bernama) -- Shares of Public Bank Bhd and LPI Capital Bhd will be suspended from 9 am tomorrow, pending a major announcement, separate filings from the two companies to Bursa Malaysia said on Tuesday evening.

Ireka's Unit Secures RM1.07 Bln Sub-contract For Pan Borneo Highway Project

KUALA LUMPUR, Oct 8 (Bernama) -- Ireka Corporation Bhd’s wholly-owned subsidiary, Shoraka Construction Sdn Bhd (SCSB), has won a RM1.07 billion highway construction sub-contract.

Perdana Petroleum Clinches RM19.1 Mln Work Order

KUALA LUMPUR, Oct 8 (Bernama) -- Perdana Petroleum Bhd (PPB), through wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB), has accepted a work order award from DESB Marine Services Sdn Bhd valued at RM19.1 million to charter two units of accommodation workboat.

BYD Appoints Sime Darby Auto Imports As Importer, BYD Malaysia As Denza Distributor

KUALA LUMPUR, Oct 8 (Bernama) -- BYD Auto Industry Co Ltd has appointed Sime Darby Auto Imports Sdn Bhd as the official importer, and BYD Malaysia Sdn Bhd as the official distributor for Denza, a premium sub-brand by BYD, in Malaysia. 

Amir Hamzah: Malaysia's 2024 GDP On Track To Surpass National Target

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia is poised to exceed its national growth target in 2024 on the back of sound fiscal policies and an ongoing commitment to reforms under the MADANI economic framework, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

PIAM Appoints Chua Kim Soon As CEO Effective Oct 7

KUALA LUMPUR, Oct 8 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has appointed Chua Kim Soon as its new chief executive officer, succeeding Julie Lean Gim Chong, effective Oct 7, 2024.

ASEAN Govts Need To Ensure Power Grid Interconnection Becomes A Reality - Sarawak Energy

KUALA LUMPUR, Oct 8 (Bernama) -- ASEAN governments need to ensure that the interconnection of their power grids becomes a reality as there will be no energy transition without the interconnectivity in this region, said Sarawak Energy Bhd group chief executive officer Datuk Sharbini Suhaili. 

 

Asia Must Address Climate Change And Rising Energy Demand -- Mitsubishi Power

KUALA LUMPUR, Oct 8 (Bernama) -- Asian countries must address both climate change and rising energy demand to meet their economic ambitions, said Mitsubishi Power executive vice-president Takao Tsukui.

Media Prima Clarifies: Syed Mokhtar-linked Aurora Still Holds 31.9 Pct Stake In The Company

KUALA LUMPUR, Oct 8 (Bernama) -- Media Prima Bhd has clarified that tycoon Tan Sri Syed Mokhtar Albukhary-linked Aurora Mulia Sdn Bhd still holds 31.90 per cent stake or 353.81 million shares in the company.

LIAM Calls For Expansion Of Tax Relief For Medical, Health Insurance In Budget 2025

KUALA LUMPUR, Oct 8 (Bernama) -- The government should expand the tax relief for medical and health insurance in Budget 2025, said the Life Insurance Association of Malaysia (LIAM) chief executive officer Mark O’Dell.