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Petroleum-related Revenue Set to Drop Further to RM62 Bln In 2025 -- MoF Report

KUALA LUMPUR, Oct 18 (Bernama) -- Petroleum-related revenue is expected to register a lower collection of RM62 billion, accounting for 18.3 per cent of the federal government's total revenue in 2025.

Federal Govt Revenue to Grow 5.5 pct To RM339.7 Bln In 2025 -- MoF Report

KUALA LUMPUR, Oct 18 (Bernama) -- The federal government revenue is estimated to grow 5.5 per cent to RM339.7 billion next year from the RM322.1 billion expected in 2024, in tandem with a better economic outlook next year, said the Finance Ministry (MoF).

Anwar Unveils Substantial Budget 2025, Catalyzing Economy, Hastening Reforms

KUALA LUMPUR, Oct 18 (Bernama) -- Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracting high-quality investments, stimulating business opportunities, undertaking projects for the wellbeing of the rakyat and not impacting their affordability in purchasing essential goods and services.

Batik Air To Fly To Timor-Leste By First Quarter Of 2025 -- Malaysian Envoy

By Vijian Paramasivam

PHNOM PENH, Oct 17 (Bernama) -- Batik Air will be the first Malaysian carrier to launch flight services between Timor-Leste’s capital Dili and Kuala Lumpur by the first quarter of next year.

BSN's MADANI Micro Financing: A Lifeline For SMEs In Challenging Times

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 17 (Bernama) -- The MADANI Micro Financing Scheme by Bank Simpanan Nasional (BSN), introduced under Budget 2024, serves as a vital ‘lifeline’ for small and medium enterprises (SMEs) looking to strengthen working capital amidst economic uncertainties and natural disasters.

Budget 2025: Be Supportive of OGSE Sector to Continue Growth Trajectory - MPRC

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 16 (Bernama) -- Malaysia Petroleum Resources Corporation (MPRC) is optimistic the tabling of Budget 2025 will create a supportive environment for the oil and gas services and equipment (OGSE) sector to continue its growth trajectory following its recovery from recent challenging years.

FBM KLCI Stays Higher At Midday

KUALA LUMPUR, Oct 15 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) stayed higher at midday on continuous buying interest in selected heavyweights, an analyst said.

Former Maybank CEO Amirsham Is Alliance Bank's New Chairman

KUALA LUMPUR, OCT 11 (Bernama) -- Alliance Bank Malaysia Bhd has appointed Tan Sri Amirsham Abdul Aziz as its new chairman.

Petron: No Disruption To Petroleum Products Supply Amid Refinery Maintenance

KUALA LUMPUR, Oct 9 (Bernama) -- Petron Malaysia Refining and Marketing Bhd's (Petron Malaysia) refinery at Port Dickson, Negeri Sembilan, will undergo a maintenance shutdown for eight weeks to facilitate repairs to its furnaces.

Mitsubishi Power Aims To Expand Gas Turbine Expertise In Asia Pacific

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 9 (Bernama) -- Mitsubishi Power Asia Pacific Pte Ltd aims to expand its gas turbine expertise in Southeast Asia, given the significant utilisation potential of natural gas and liquefied natural gas (LNG) in the region.

Perdana Petroleum Clinches RM19.1 Mln Work Order

KUALA LUMPUR, Oct 8 (Bernama) -- Perdana Petroleum Bhd (PPB), through wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB), has accepted a work order award from DESB Marine Services Sdn Bhd valued at RM19.1 million to charter two units of accommodation workboat.

World Bank Upgrades Malaysia's Growth Forecast To 4.9 Pct For 2024

By Anas Abu Hassan

KUALA LUMPUR, Oct 8 (Bernama) -- The World Bank Group has upgraded Malaysia's economic growth forecast to 4.9 per cent in 2024 from its initial 4.3 per cent forecast set in April, according to Apurva Sanghi, its lead economist for Malaysia.