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Global Air Cargo Demand Grows 11.4 Pct In August 2024 - IATA

KUALA LUMPUR, Oct 3 (Bernama) -- Global air cargo markets demonstrated robust annual growth in demand for August 2024, with cargo tonne-kilometers (CTKs) rising by 11.4 per cent compared to August 2023, according to the International Air Transport Association (IATA).

Late Buying Of Blue Chips Lifts Bursa Malaysia Out Of Red

KUALA LUMPUR, Oct 3 (Bernama) -- Bursa Malaysia managed to pare earlier losses to close mixed on Thursday, with the key index lifted by late buying in selected heavyweight stocks, led by financial services counters.

AMRO Lowers ASEAN+3 Growth Forecast For 2024 To 4.2 Pct

KUALA LUMPUR, Oct 3 (Bernama) -- The ASEAN+3 Macroeconomic Research Office (AMRO) has pared down its 2024 economic growth forecast for the region to 4.2 per cent, down from 4.4 per cent in July, largely driven by revised growth projections for China and Vietnam.

Budget 2025: Semiconductor Association Urges Govt To Support Local Firms Digitalisation

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 3 (Bernama) -- The government needs to aid the growth of local companies by supporting technology acquisition and providing funding, which will help transform Malaysia into a global leader in the semiconductor and electrical and electronics (E&E) sector.

Fiscal Deficit Projected To Fall To 3.8 Pct Of GDP In 2025 -- CIMB Securities

KUALA LUMPUR, Oct 3 (Bernama) -- CIMB Securities Sdn Bhd is projecting the fiscal deficit to narrow to 3.8 per cent of gross domestic product (GDP) in 2025 from an estimated 4.3 per cent this year, with the growth in government revenue expected to outpace operating expenditure (opex).

TNG Digital Urges Govt To Extend SST Exemption For Digital Services

KUALA LUMPUR, Oct 3 (Bernama) -- TNG Digital Sdn Bhd, operator of TNG eWallet, has urged the government to extend the sales and services tax (SST) exemption on digital services in Budget 2025.

YAPEIM Empowers Underprivileged Entrepreneurs With Capital Funding

PUTRAJAYA, Oct 2 (Bernama) -- The Malaysian Islamic Economic Development Foundation (YAPEIM) is committed to supporting entrepreneurs from underprivileged backgrounds by providing business capital funding.

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.

MBAM Calls For Lower Taxes And Duties On Construction Machinery

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 2 (Bernama) – Lower taxes and duties on construction machinery, along with improved access to financing and reasonable interest rates for industry players and builders, were among the proposals put forward by the Master Builders Association Malaysia (MBAM) for Budget 2025.

13MP To Focus On State-Federal Collaboration To Bridge Socio-economic, Development Gaps

SHAH ALAM, Oct 1 (Bernama) -- The 13th Malaysia Plan (13MP) will focus on collaborative efforts between states and federal governments to bridge the socio-economic and development gaps according to states and regions, said the Minister of Economy Rafizi Ramli.

13MP To Focus On State-Federal Collaboration To Bridge Socio-economic, Development Gaps

SHAH ALAM, Oct 1 (Bernama) -- The 13th Malaysia Plan (13MP) will focus on collaborative efforts between states and federal governments to bridge the socio-economic and development gaps according to states and regions, said the Minister of Economy Rafizi Ramli.