LATEST NEWS   Mandatory EPF contributions for foreign workers, at two per cent each for workers and employers - Steven Sim | SPB Development Bhd has secured SC approval for a listing on Main Market of Bursa Malaysia in 2Q this year | Chambers of commerce in the country should work as one team to enhance Malaysia's progress – PM Anwar | The govt has opted for a 2 pct EPF contribution rate for foreign workers instead of the originally proposed 12 pct -- PM Anwar | King's address: MADANI Gov't will ensure economic resources are distributed for national development, benefiting all levels of society – PM Anwar | 

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Reforms Are Crucial To Build A More Resilient Economy - Economists

KUALA LUMPUR, Jan 14 (Bernama) -- Reforms are crucial steps to transform Malaysia into a more resilient and vibrant economy capable of adapting to domestic and global challenges.

Airbus Delivers 766 Commercial Aircraft In 2024

KUALA LUMPUR, Jan 10 (Bernama) -- Airbus delivered 766 commercial aircraft to 86 customers worldwide in 2024 compared to 735 planes in the previous year.

Diesel Subsidy Rationalisation To Save Govt Up To RM7.5 Bln A Year -- Amir Hamzah

KUALA LUMPUR, Jan 9 (Bernama) -- The implementation of diesel subsidy rationalisation is expected to provide annual savings of between RM7.2 billion and RM7.5 billion, up from the RM4 billion in savings projected last year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Pluxee Surpasses Revenue Projections With New, Ongoing Contracts

KUALA LUMPUR, Jan 8 (Bernama) -- French-based company, Pluxee reported a 12.1 per cent increase in organic growth for its operating revenue in the first quarter of fiscal 2025, reaching 249 million euros, largely driven by Employee Benefits. (1 euro = RM4.64)

Kerjaya Prospek Secures RM256.4 Mln Construction Contract In Elmina West

KUALA LUMPUR, Jan 6 (Bernama) -- Construction outfit Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd has secured a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake building construction works in Elmina West, Shah Alam.

Perma-Pipe Posts Strong Q3 2024 Results With 29 Pct Increase In Net Income

KUALA LUMPUR, Dec 24 (Bernama) -- Perma-Pipe International Holdings Inc’s net income for the third quarter ended Oct 31, 2024 (Q3) increased to US$2.5 million from US$1.9 million in the same period last year, mainly driven by better project execution. (US$1=RM4.48)

Ending Flat-rate Loan Calculations Can Curb Household Debt, Bankruptcy Risks -- Economists

KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.

New Investment Incentive Framework: A Leap Towards High-Income Economy

By Zufazlin Baharuddin & Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 20 (Bernama) -- The New Investment Incentive Framework, announced in Budget 2025, marks Malaysia’s bold move to position itself as a high-income nation by prioritising high-value sectors, mainly in digitalisation and artificial intelligence (AI) within the digital economy.

Malaysia, Turkmenistan To Strengthen Ties, Petronas Central To Relationship

PUTRAJAYA, Dec 19 (Bernama) – Turkmenistan and Malaysia are poised to strengthen bilateral economic cooperation, focusing on energy, trade, and innovation, said Turkmenistan President Serdar Berdimuhamedow.

OSV Sector Remains Bullish Due To Ongoing Supply Tightness -- Kenanga

KUALA LUMPUR, Dec 6 (Bernama) -- The Malaysian offshore supply vessel (OSV) sector, particularly the accommodation work barges (AWB) segment, is expected to remain bullish due to persistent vessel supply tightness from years of underinvestment, according to Kenanga Investment Bank Bhd.

AI-Media Secures 5-year Deal With CME To Enhance Accessibility In Central, Eastern Europe

KUALA LUMPUR, Dec 5 (Bernama) -- AI-Media, a global leader in artificial intelligence (AI)-driven live and recorded captioning and language technology, has announced a strategic five-year agreement with Central European Media Enterprises (CME), its first major deal in Central and Eastern European.

Bursa Malaysia Marginally Lower At Midday

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia ended the morning session slightly lower due to profit-taking in industrial products, services as well as consumer products stocks, along with mixed performances from regional peers.