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Malaysia To Transition To Value Creation-based Economy Under 13MP - Amir Hamzah

KUALA LUMPUR, Aug 21 (Bernama) -- Malaysia needs to shift to a value creation-based economy by increasing economic diversification in order to raise the ceiling of national growth, according toi Finance Minister II Datuk Seri Amir Hamzah Azizan.

Export Value Of Rubber Gloves Hits RM6 Bln In First Five Months Of 2025 -- Johari

KUALA LUMPUR, Aug 21 (Bernama) -- The export value of Malaysia’s rubber glove sector hit RM6 billion for the period January 2025 to May 2025, said Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani.

RM1.4 Bln Sought For Smallholder Oil Palm Replanting Under TSPKS 2.0 - Johari 

KUALA LUMPUR, Aug 21 (Bernama) -- An allocation of RM1.4 billion under the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS 2.0), applied for by the Ministry of Plantation and Commodities (KPK) for five years, is targeted to cover oil palm replanting across 82,979 hectares (ha).

Cost-benefit Analysis Needed To Find Out Tasik Kenyir's Suitability As Data Centre, AI Hub -- Tengku Zafrul

KUALA LUMPUR, Aug 19 (Bernama) -- The government will have to conduct a cost-benefit analysis (CBA) before considering Tasik Kenyir as a data centre and artificial intelligence (AI) hub, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

US Agricultural Products Tax Exemption Finalised Based On Mutual Interest - Tengku Zafrul

KUALA LUMPUR, Aug 19 (Bernama) – The sales tax exemption on imported United States (US) agricultural products is the result of negotiations finalised based on mutual interest, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

US$9.5 Bln Boeing Aircraft Purchase Does Not Affect National Debt, Fiscal Deficit -- MoF

KUALA LUMPUR, Aug 19 (Bernama) -- The second phase purchase of Boeing aircraft valued at US$9.5 billion (US$1 = RM4.22) will not impact Malaysia’s debt levels nor affect its fiscal deficit, said Deputy Finance Minister Lim Hui Ying.

475 Mln E-invoices Issued To Date, Involving 98,813 Taxpayers - Lim

KUALA LUMPUR, Aug 19 (Bernama) -- As of Aug 18, 2025, a total of 475 million e-invoices have been issued by 98,813 taxpayers under the first, second and third phases of the mandatory implementation of the e-invoicing system, said Deputy Finance Minister, Lim Hui Ying.

Kemaman Port Needs Updating, Sandakan Joins ASEAN Liberalisation -- MOT

KUALA LUMPUR, Aug 18 (Bernama) – The Ministry of Transport (MOT) has requested that Kemaman Port Consortium update and submit its development proposal for Kemaman Port, in line with the port development plan and concession agreement.

Expanded SST Designed To Be Progressive, Fairer -- Amir Hamzah

KUALA LUMPUR, Aug 18 (Bernama) -- The government made the decision to maintain the Sales and Service Tax (SST) with an expanded scope after considering both SST and the Goods and Services Tax (GST), according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

Govt Will Not Embark On Mega Projects, To Focus Spending On The People

KUALA LUMPUR, Aug 18 (Bernama) -- The government will not embark on mega projects that have limited impact on the majority of the people in the near future after taking into account global economic uncertainties, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

PETRA To Boost Clean Power Initiatives For Industrial Users

KUALA LUMPUR, Aug 18 (Bernama) -- The Ministry of Energy Transition and Water Transformation (PETRA) will strengthen initiatives to offer green electricity supply through third-party access to expand the use of clean energy, particularly among the industrial sector.

Malaysia's Household Debt Manageable At 84.3 Pct Of GDP -- BNM Governor

KUALA LUMPUR, Aug 15 (Bernama) -- Malaysia’s household debt stands at about 84.3 per cent of gross domestic product (GDP), a level deemed appropriate for the country’s economic conditions, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.