Targeted Subsidy Doesn't Increase National Debt, Savings Up To RM4 Bln Per Year -- MoF

KUALA LUMPUR, Dec 4 (Bernama) -- The implementation of targeted subsidy does not increase national debt, but rather an important strategy to reduce long-term liabilities, stabilise the fiscal position and strengthen investor confidence in Malaysia’s economic prospects.

Ewon Calls On His Ministry’s GLCs To Deliver Larger Dividends To State Govt

KOTA KINABALU, Dec 4 (Bernama) -- Sabah Deputy Chief Minister III Datuk Ewon Benedick has called on government-linked companies (GLCs) under his ministry to increase their revenues so they can pay higher dividends to the government.

Dewan Rakyat Approves RM14.63 Bln Transfer To Development Fund

KUALA LUMPUR, Dec 4 (Bernama) -- The Dewan Rakyat today approved the Finance Ministry’s motion to transfer RM14.631 billion of the remaining Malaysian Government Investment Issues (MGII) proceeds for the August-December 2025 period to the Development Fund.

Ringgit Surges To 4.11 Against Greenback, Highest In Four Years And Five Months

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 4 (Bernama) -- The ringgit surged to 4.11 against the greenback at the close on Thursday, hitting a new high in almost four and a half years, as weaker economic data in the United States continued to heighten expectations of a cut in US interest rates.

Paragon Globe Unit To Sell Land In Johor Worth RM64.47 Mln

KUALA LUMPUR, Dec 4 (Bernama) -- Paragon Globe Bhd‘s wholly owned unit PGB Landmark Sdn Bhd planned to sell a parcel of freehold land in Tanjung Kupang, Johor for RM64.47 million to GSP Automotive Malaysia Sdn Bhd.

Proton Expects Saga MC3 To Lead ASEAN A-segment Market Next Year

SUBANG JAYA, Dec 4 (Bernama) -- National carmaker Proton Holdings Bhd expects its newly launched Proton Saga MC3 model to become the leading A-segment model in the ASEAN market next year.

EcoWorld’s EBP7 Forum Sparks New Industrial Momentum In MVV 2.0

SEREMBAN, Dec 4 (Bernama) -- Eco Business Park VII (EBP7), EcoWorld’s next-generation integrated industrial hub in Malaysia Vision Valley 2.0 (MVV 2.0), hosted the 'EcoWorld Connects: Business Ascend Forum', bringing together industry experts and business partners to discuss ASEAN opportunities, industrial transformation and the rise of the artificial intelligence (AI)-driven economy.

PSP Energy To Expand Marine Fuel Business With New Melaka Bunkering Hub

KUALA LUMPUR, Dec 4 (Bernama) -- PSP Energy Bhd is set to expand its marine fuel business with the development of a bunkering hub at Tanjung Bruas Port, Melaka.

PAC Urges Khazanah To Strengthen Non-financial Risk Analysis

KUALA LUMPUR, Dec 3 (Bernama) -- The Public Accounts Committee (PAC) has recommended that Khazanah Nasional Bhd strengthen its risk management framework by conducting deeper scenario analyses on non-financial market shocks such as technological and geopolitical changes.

Sabah To Prioritise Investor-friendly Entrepreneurial Ecosystem - Ewon

KOTA KINABALU, Dec 3 (Bernama) -- Sabah Deputy Chief Minister III Datuk Ewon Benedick has pledged to strengthen Sabah’s entrepreneurial ecosystem to make it more investor-friendly, competitive and capable of raising the standards of local products.

Hainan Releases White Paper On Tourism, Brand And Global Strategy

KUALA LUMPUR, Dec 3 (Bernama) -- The Hainan Department of Tourism, Culture, Radio, TV, and Sports has released the White Paper on Shaping Hainan's Brand Image on Tourism and Culture and International Communication Strategy (2024–2025).

MIDA Welcomes Tengku Zafrul's Appointment As Chairman

KUALA LUMPUR, Dec 3 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has welcomed the appointment of Tengku Datuk Seri Zafrul Abdul Aziz as its new chairman with immediate effect.