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Melaka Poised To Become EV Manufacturing Hub

MELAKA, Oct 14 (Bernama) -- The Melaka state government is committed to positioning the state as a leading hub for electric vehicle (EV) production in Malaysia, in line with Sustainable Development Goal 13 (SDG13), which emphasises urgent action to combat climate change and its impacts.

MDEC Targets Tech Collaborations, Smart City Opportunities At GITEX Global 2024

From Nurunnasihah Ahmad Rashid

DUBAI, Oct 14 (Bernama) — The Malaysia Digital Economy Corporation (MDEC) has engaged with the Advanced Technology Research Council (ATRC) of Abu Dhabi, exploring collaborations in education and technology development at the Gulf Information Technology Exhibition (GITEX) Global 2024.

RM17.9 Bln Investments From China Approved From 2023 Until 1H2024 - MITI

KUALA LUMPUR, Oct 14 (Bernama) -- The Investment, Trade and Industry Ministry (MITI) and the Malaysian Investment Development Authority (MIDA) are supervising investments of RM17.9 billion from China approved in the manufacturing sector from 2023 to the first half of 2024.

Malaysia To Continuously Assess BRICS Engagement For Economic Benefits 

KUALA LUMPUR, Oct 14 (Bernama) --The government will continuously assess the development of the BRICS bloc to ensure that Malaysia’s involvement brings significant benefits to the country, in line with the economic policies such as the MADANI Economic Aspirations and the New Industrial Master Plan 2030.

FBM KLCI Pares Gains But Stays In Positive Territory

KUALA LUMPUR, Oct 14 (Bernama) -- Bursa Malaysia pared gains but stayed in positive territory at the close on Monday, on buying interest in banking, telecommunications and commodity-related stocks. 

EBC Financial Group Improves Liquidity, Reduces Trading Costs On Major Stock Indices

KUALA LUMPUR, Oct 14 (Bernama) -- Amidst a global stock market resurgence, EBC Financial Group (EBC) has enhanced liquidity for five major stock indices, namely the United States (US) Dow Jones, Nasdaq, S&P 500, the A50 (China), and the Hang Seng Index (Hong Kong).

DAT Will Accelerate Malaysia's High-income Nation Target - World Bank

KUALA LUMPUR, Oct 14 (Bernama) -- Widespread adoption and scaling of digital agriculture technologies (DATs) will accelerate Malaysia’s journey to achieving high-income nation status, according to a report from the World Bank.

Budget 2025 Set To Expand Tax Base With Expected Sugar Tax, HVGT, GloBE -- Economist

KUALA LUMPUR, Oct 14 (Bernama) -- The government is expected to unveil new tax measures in the upcoming Budget 2025, set to be tabled this Friday, as the tax base has shown limited growth since the Goods and Services Tax (GST) was abolished in 2018.

PMB Investment Announces Total Gross Distribution Of RM2.88 Mln For Dana Bestari

KUALA LUMPUR, Oct 14 (Bernama) -- PMB Investment Bhd today announced a total gross distribution of RM2.88 million for PMB Dana Bestari for the financial year ended Sept 30, 2024, with unitholders receiving an income distribution of 2.93 sen per unit.

Foreign Selling Of Malaysian Equities Eases To RM45.7 Mln Last Week

KUALA LUMPUR, Oct 14 (Bernama) -- Foreign investors continued selling domestic equities for a third consecutive week, though at a more moderate pace of RM45.7 million, according to MIDF Amanah Investment Bank Bhd (MIDF).

MDEC Highlights Need For Global Exposure To Boost Local Digital Tech Expansion, Talent Development

By Nurunnasihah Ahmad Rashid

DUBAI, Oct 13 (Bernama) — The Malaysia Digital Economy Corporation (MDEC) emphasises the importance of exposing local digital technology companies to international best practices to help them expand beyond the Malaysian market, attract foreign investment, and nurture talent.

There Has Been Robust Domestic Investments - PM Anwar

KUALA LUMPUR, Oct 13 (Bernama) — Malaysia’s impressive economic growth is not solely driven by foreign direct investment (FDI) but also by domestic investments, said Prime Minister Datuk Seri Anwar Ibrahim.