Budget 2025: Hoteliers Urge Govt To Address Low Room Rates Despite Rising Operational Costs

KUALA LUMPUR, Oct 3 (Bernama) -- The hotel industry is calling on the government to address persistently low room rates and rising operational costs for the upcoming Budget 2025 to be tabled on Oct 18.

Sunway's Unit Acquires Freehold Land In KL For RM320 Mln

KUALA LUMPUR, Oct 2 (Bernama) -- Sunway Bhd’s wholly-owned subsidiary, Sunway Melawati Sdn Bhd, has entered into a sales and purchase agreement with Viva Impian Sdn Bhd (VISB) to acquire a parcel of land for RM320 million in Cheras, here.

Rubber Market Ends Higher, Tracking Regional Futures Markets

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 2 (Bernama) -- The Kuala Lumpur rubber market sustained its upward momentum on Wednesday to close higher, in line with gains in regional rubber futures markets and crude oil prices, despite the absence of Chinese players, said a dealer.

Acquisition Of Eye Nation Helps Sunzen To Expand Into New Market

KUALA LUMPUR, Oct 2 (Bernama) -- Sunzen Biotech Bhd’s acquisition of 70 per cent equity interest in Eye Nation Medical Sdn Bhd, a company engaged in the optical medical diagnostic equipment business, will allow the group to expand into the ophthalmic industry.

Malaysia's Medtech Sector Poised For High-value Growth

KUALA LUMPUR, Oct 2 (Bernama) -- Malaysia’s medical technology (medtech) industry has witnessed impressive growth, reaffirming the country’s position as a key player in the global medtech landscape, said the Malaysian Investment Development Authority’s (MIDA) and Association of Malaysian Medical Industries (AMMI).

HLIB Expects Budget 2025 To Balance Fiscal Discipline And GDP Growth

KUALA LUMPUR, Oct 2 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Budget 2025 to responsibly walk the fiscal consolidation path, a lower fiscal deficit target from -4.3 per cent to -3.9 per cent, yet be supportive of gross domestic product (GDP) growth, subsidies savings and improved revenue channels.

Provide Tax Exemptions To Enhance ESG Ratings Of Rubber Gloves Sector - MARGMA

KUALA LUMPUR, Oct 2 (Bernama) -- The Malaysian Rubber Gloves Manufacturers Association (MARGMA) hopes the government will provide better tax exemptions for them in Budget 2025 to enhance the sector’s environment, social, and governance (ESG) ratings.

BNM Penalises Agrobank For Development Financial Institutions Act Non-compliance

KUALA LUMPUR, Oct 1 (Bernama) -- Bank Negara Malaysia (BNM) had imposed an Administrative Monetary Penalty (AMP) of RM660,000 on Bank Pertanian Malaysia Berhad (Agrobank) for non-compliance with the Development Financial Institutions Act 2002 (DFIA).

Petronas inks Five-year Gas Sales Agreement To Ensure Secure Energy Supply For Sabah And Labuan

KUALA LUMPUR, Oct 1 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), will supply gas to Sabah Electricity Sdn Bhd (SESB) for power generation in Sabah and Labuan.

Budget 2025 Set To See Substantial Increase In Allocations On Solid Economic Growth - Economist

PUTRAJAYA, Oct 1 (Bernama) – Budget 2025 is set to see a substantial increase in allocations, driven by Malaysia's solid economic growth and rising government revenues, according to the deputy president of the Malaysian Economic Association, Professor Dr Yeah Kim Leng. 

Finance Professionals Urged To Address Wage Inequality For Sustainable Business Practices

KUALA LUMPUR, Oct 1 (Bernama) -- Finance and accountancy professionals must confront wage inequality and take a leading role in promoting sustainable business practices, according to a report published by ACCA Global, Shift, and Forvis Mazars.

Malaysia Aims To Complete AI Technology Action Plan Within 12 Months - PM

KUALA LUMPUR, Oct 1 (Bernama) -- Malaysia aims to complete its Artificial Intelligence (AI) Technology Action Plan within the next 12 months, Prime Minister Datuk Seri Anwar Ibrahim said today.